Lender wants original appraisal changed

[Mike Kennedy]

Lee - same question - same answer

USPAP 1-5 supercedes any QA (including AO-3). :icon_idea:


"The ASB issues guidance in the form of Advisory Opinions,

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USPAP Frequently Asked Questions (FAQ) and monthly questions and responses “USPAP Q&A.” These communications do not establish new Standards or interpret existing Standards and are not part of USPAP. They illustrate the applicability of Standards in specific situations and offer advice from the ASB for the resolution of appraisal issues and problems."​

http://appraisersforum.com/showpost.php?p=1900426&postcount=24​

http://appraisersforum.com/showpost.php?p=1900437&postcount=25​

 

[Webbed Feet]

Mike,

Referencing "May 2008 USPAP Q&A" (previously cited in this string), are you stating that the ASB is in error regarding their interpretation of USPAP?



Lee

I don't think he was. But he might be saying the current role call of the ASB should all be asked to retire so they may be replaced with fresh faces with less political connections to the lending world.

:new_smile-l: