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HOW IS USPAP ENFORCED?

enforced USPAP
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HOW IS USPAP ENFORCED?

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Although the ASB writes, amends and interprets USPAP, the Board does not enforce USPAP. Through FIRREA, the Federal government has mandated that the states enforce real property appraisers compliance to USPAP. Professional appraisal associations also have the authority to enforce USPAP compliance by their members. In addition, many users of appraisal services (such as lenders, mortgage companies, etc) have adopted USPAP and require employee or contract appraiser compliance to USPAP. Complaints regarding real property appraisers should be directed to the state(s) in which he or she is licensed or certified. Complaints about an appraiser of any other discipline, such as personal property or business valuation, should be forwarded to the professional organization to which the appraiser belongs.

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