S.2155 Section 103 Exemption from Appraisal of Real Property located in Rural Areas, provides an exemption under certain circumstances that you can have an “waiver” if unable to locate an appraiser. There are several requirements in order to meet this exemption. Additionally, the Final Rule published last week by the inter-agency on the Residential Real Estate Appraisals Threshold Increase, implemented changes to the Exemption from Appraisal of Real Property -these changes to Exemption from Appraisal of Real Property located in Rural Area January 1, 2020. All of the requirements to use the Exemption are within the legislation.
https://idahobankers.org/wp-content/uploads/2017/03/LogoWhiteTest-300x190.png 0 0 Trent Wright https://idahobankers.org/wp-content/uploads/2017/03/LogoWhiteTest-300x190.png Trent Wright2019-10-15 20:35:142019-10-15 20:35:15“Tailoring” on appraisals when a qualified appraiser cannot be found.