Code of Virginia § 54.1-2017.1. Evaluation requirements; report.
109 words·~1 min read·
/va/title-54-1/chapter-20-1/54-1-2017-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Any evaluation, as defined in § 54.1-2009 , shall contain the statement: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."
B. The evaluation report may be prepared in any reporting format, provided that
(i)the reporting format meets the requirements as set forth in the Interagency Appraisal and Evaluation Guidelines promulgated by the Office of the Comptroller of the Currency et al. (75 F.R. 77450) and
(ii)the evaluation report contains sufficient information in clear and understandable language to allow a person to understand the opinion of the market value of real property or real estate.
2018, c. 644 .