Uniform standards of professional appraisal practice 2008-2009 (Uspap)

Uniform standards of professional appraisal practice 2008-2009 (Uspap)
The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards, federal, state, and local agencies, appraisal services, and appraisal trade associations require compliance with USPAP.
Standards: Provide performance standards for real property, mass, personal property appraisal, consulting and business valuation.
Statements: Clarify, interpret, explain, and elaborate on appraisal standards.