Which rules does an appraisal management company work under?

Valuation independence, in Regulation Z

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The Truth in Lending Act's valuation independence rule, at section 1026.42 of Regulation Z, which the Consumer Financial Protection Bureau administers. It is the rule that keeps the person who values the property away from anyone with an interest in what the value turns out to be.

• Regulation Z, section 1026.42, in the Electronic Code of Federal Regulations
• The same section on the Consumer Financial Protection Bureau's own site

The Appraiser Independence Requirements (AIR)

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A separate document from the rule above, and a different body writes it: the Appraiser Independence Requirements are published by Fannie Mae and Freddie Mac with the Federal Housing Finance Agency, and they are the independence requirements a loan sold to Fannie Mae or Freddie Mac is delivered under.

• The Appraiser Independence Requirements, at Freddie Mac

State licensing of appraisal management companies

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Appraisal management companies are licensed and supervised by the states, against federal minimum requirements written into the banking agencies' rules. This is the rule behind the license number a vendor management team asks us for in each state.

• The minimum requirements for appraisal management companies, in the Electronic Code of Federal Regulations

USPAP, the standards appraisers work to

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The Uniform Standards of Professional Appraisal Practice are the standards an appraiser develops and reports an assignment under. They are written and republished by The Appraisal Foundation, which is where the current edition should be read.

• The Uniform Standards of Professional Appraisal Practice, at The Appraisal Foundation

The Interagency Appraisal and Evaluation Guidelines

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The supervisory guidance the federal banking agencies issued for how a regulated institution runs its appraisal and evaluation program. It is the document an examiner has in mind when asking a bank how its appraisal function works.

• The guidelines, as issued by the Federal Deposit Insurance Corporation
• The same guidelines, as issued by the Office of the Comptroller of the Currency

The NCUA's appraisal regulation

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The appraisal rule a federally insured credit union's program is examined against, at 12 CFR Part 722. It is the first thing a credit union examiner reaches for when the subject is appraisals.

• 12 CFR Part 722, in the Electronic Code of Federal Regulations
• The National Credit Union Administration

Rules named and links checked September 2026. Read the rule at its source. A page on a vendor's website is not the rule, and it is not current the day after the rule changes.