Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Board
Real Estate Appraiser Board
chapter
Real Estate Appraiser Board Rules and Regulations [18 VAC 130 ‑ 20]
This action is exempt from the executive branch review process.
Action:
USPAP definition 2018-19 update
 
General Information
Action Summary Regulations currently define USPAP to be “the 2016-2017 edition of those standards promulgated by the Appraisal Standards Board of the Appraisal Foundation for use by all appraisers in the preparation of appraisal reports.” The ASB updates USPAP every two years and has issued the 2018-2019 Edition, which is effective from January 1, 2018, through December 31, 2019. Because the Board’s regulatory definition references a now outdated edition of USPAP, this exempt action is necessary to update 18 VAC 130-20-10 to define USPAP as the 2018-2019 edition.
Chapters Affected Only affects this chapter.
Exempt from APA Yes, this action is exempt from the Administrative Process Act. The normal executive branch review process is not required.
Exempt Citation: Section 2.2-4006(A)(4)(c)
RIS Project Yes  [005618]
Is Federal action a driving factor in this regulatory change? If so, please provide a specific reference to the law, regulation or court case.
Section 1110 [12 U.S.C. 3339] of Title XI of FIRREA requires compliance with USPAP.
Note This action is not intended to satisfy the requirement that an entire regulation be reviewed every 4 years.
 
Stages
Stages associated with this regulatory action.
Stage ID Stage Type Status
8358 Final Stage complete. This regulation became effective on 10/1/2018.
 
Contact Information
Name / Title: Christine Martine  / Executive Director
Address: 9960 Mayland Drive, Suite 400
Richmond, VA 23233
Email Address: reappraisers@dpor.virginia.gov
Phone: (804)367-8552    FAX: (804)527-4298    TDD: ()-

This person is the primary contact for this chapter.