ADMINISTRATIVE CODE TITLE 68: PROFESSIONS AND OCCUPATIONS CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1452 APPRAISAL MANAGEMENT COMPANY REGISTRATION ACT SECTION 1452.140 UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP)
Section 1452.140 Uniform Standards of Professional Appraisal Practice (USPAP)
a) Pursuant to Section 160 of the Act, the 2024 USPAP, published by the Appraisal Standards Board of The Appraisal Foundation, 1155 15th Street, NW, Suite 1111, Washington DC 20005 (effective January 1, 2024), are hereby incorporated by reference with no later amendments or editions.
b) All investigators, coordinators, auditors, and examiners employed or retained by the Department are exempt from the requirements of USPAP Standard 3 and USPAP Standard 4 while performing an investigation, audit, or examination.
(Source: Amended at 50 Ill. Reg. 686, effective January 5, 2026) |