Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
Tennessee Department of Commerce & Insurance Q&A.
Does an evaluation, performed by a licensed or certified appraiser, have to meet USPAP requirements?
Andy Diehl - April 17, 2018 11:35
No, as long as the evaluation meets the requirements set forth in T.C.A. § 62-39-104(d). If the evaluation does not meet those requirements and otherwise meets the definition of an appraisal, it is an appraisal and must follow USPAP pursuant to Tenn. Comp. R. & Regs § 1255-05-.01(2).
Does an evaluation, performed by a licensed or certified appraiser, have to meet USPAP requirements?
Andy Diehl - April 17, 2018 11:35
No, as long as the evaluation meets the requirements set forth in T.C.A. § 62-39-104(d). If the evaluation does not meet those requirements and otherwise meets the definition of an appraisal, it is an appraisal and must follow USPAP pursuant to Tenn. Comp. R. & Regs § 1255-05-.01(2).