restricted appraisal reports


restricted appraisal reports
One of three types of real estate appraisal reports defined under Uniform Standards of Professional Appraisal Practice ( USPAP) rules. A restricted appraisal report is the least detailed of the three report formats. Given a bank's need to meet both regulatory requirements and the needs of prudent loan underwriting, more detailed reports are almost always preferable. American Banker Glossary

Financial and business terms. 2012.

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