12 CFR 722.104
§ 722.104 Minimum appraisal standards.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 722.104, § 722.104 Minimum appraisal standards, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48672
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Full text
For federally related transactions, all appraisals shall, at a minimum:
(a) Conform to generally accepted appraisal standards as evidenced by the Uniform Standards of Professional Appraisal Practice (USPAP) promulgated by the Appraisal Standards Board of the Appraisal Foundation, 1029 Vermont Ave., NW., Washington, DC 20005;
(b) Be written and contain sufficient information and analysis to support the institution's decision to engage in the transaction;
(c) Be subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice.
(d) Analyze and report appropriate deductions and discounts for proposed construction or renovation, partially leased buildings, non-market lease terms, and tract developments with unsold units;
(e) Be based upon the definition of market value as set forth in § 722.2; and
(f) Be performed by State licensed or certified appraisers in accordance with requirements set forth in this subpart.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.