Does the Code address standards the appraiser must follow when performing an appraisal?
No. The Code addresses the relationship between the lender and the appraiser, not appraisal standards. For more guidance on our appraisal requirements, lenders should review Chapter 44 of our Single-Family Seller/ Servicer Guide and Single-Family Seller/Servicer Guide (Guide) Bulletin 2009-18 issued on July 10, 2009.
Related Questions
- Does the code of conduct required under the Mass. Rules follow the standards in the PhRMA and AdvaMed Codes for financial relationships with physicians?
- Does the Code allow an appraiser to collect payment for the appraisal directly from the borrower?
- Does the Code address standards the appraiser must follow when performing an appraisal?
