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:
Update for 2020-21 USPAP
 
General Information
Action Summary Regulations currently define USPAP to be “the 2018-2019 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 2020-2021 Edition, which is effective from January 1, 2020, through December 31, 2021. Because the Board’s regulatory definition references a now outdated edition of USPAP, this exempt action is necessary to update 18 VAC 130-20-10 to define USPAP as the 2020-2021 edition.
Chapters Affected Only affects this chapter.
Exempt from APA Yes, this action is exempt from Article II of the APA and executive branch review.
Exempt Citation: Section 2.2-4006(A)(4)(c)
RIS Project Yes  [006319]
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 the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA – Real Estate Appraisal Reform)
New Periodic Review This action will not be used to conduct a new periodic review.
 
Stages
Stages associated with this regulatory action.
Stage ID Stage Type Status
8906 Final Stage complete. Becomes effective on 05/01/2020.
 
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.