Definitions for "UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE"
Appraisal requirements published by the Appraisal Foundation. Prior to 1994, USPAP rules were included as an appendix to the Uniform Real Estate Appraisal Rule published by the four federal financial institution regulators. Since 1994, USPAP rules are referenced in the bank regulations but not provided in any form. Comments published with the 1994 amendments to the bank regulations indicate that readers are expected to assume that all references to USPAP in the regulations are references to the most current version of USPAP then available.
Minimal criteria for appraisal competency promulgated by the Appraisal Foundation at the direction of Congress, to be applied to appraisals that require the services of a state-licensed or certified appraiser.
Rules used in appraising the value of property. The standards are promulgated by the appraisal standards board of the appraisal foundation.... read full article
Keywords:  utpr, thrift, report, performance
Uniform Thrift Performance Report (Utpr)