FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > D. APPRAISER AND PROPERTY REQUIREMENTS FOR TITLE II FORWARD AND REVERSE MORTGAGES > 4. Valuation and Reporting Protocols — b. Intended Use and Intended Users of Appraisal
HUD effective date: 09/14/2015 · section II.D.4 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Intended Use and Intended Users of Appraisal (09/14/2015).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > D. APPRAISER AND PROPERTY REQUIREMENTS FOR TITLE II FORWARD AND REVERSE MORTGAGES > 4. Valuation and Reporting Protocols — b. Intended Use and Intended Users of Appraisal — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part II — b. Intended Use and Intended Users of Appraisal (09/14/2015)
b. Intended Use and Intended Users of Appraisal (09/14/2015) The intended use of the appraisal is solely to assist FHA in assessing the risk of the Property securing the FHA-insured Mortgage (24 CFR § 200.145(b)). FHA and the Mortgagee are the intended users of the appraisal report. The FHA Appraiser does not guarantee that the Property is free from defects. The appraisal establishes the value of the Property for mortgage insurance purposes only.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-ii-b-intended-use-and-intended-users-of-appraisal/
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