How Can I Impact USPAP Revisions?
The Appraisal Standards Board (ASB) actively seeks the input of appraisers, their clients, users of appraisal services, and regulators. The ASB welcomes all comments and questions on USPAP and receives numerous telephone, electronic, and written inquiries. In response, the ASB communicates directly with hundreds of individuals each year.
In accordance with its public charge, the ASB is required to issue exposure drafts of all proposed revisions to USPAP Standards and Statements. In addition, though its not required, most Advisory Opinions are also publicly exposed exposure for comment. All exposure drafts are posted on the Foundation website and are available free of charge by contacting the Foundation directly. Interested parties can contribute to this process by submitting written comments to ASBComments@appraisalfoundation.org or by offering oral testimony at an ASB public meeting.
How is USPAP Enforced?
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 appraiser compliance to USPAP. Professional appraisal associations also have the legal 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 they are licensed or certified. For more information about filing a complaint against a real property appraiser, please visit our Enforcement and Complaints webpage located here. 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 (when applicable).
View a copy of the 2020-21 USPAP.