# Appraisals
> **US National Credit Union Administration** · Final amendments. · Published 1995-10-04 · Effective 1995-10-01 · 60 FR 51889
## Document
- **Document number:** 95-24690
- **Category:** other
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 60 FR 51889
- **CFR reference:** 12 CFR 722
- **Publication date:** 1995-10-04
- **Effective date:** 1995-10-01
## Abstract

The NCUA Board is issuing final amendments to its regulation regarding the appraisal of real estate, adopted pursuant to Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The final amendments simplify compliance with regulatory requirements for credit unions by changing provisions of the appraisal regulation that govern: the publication of the Uniform Standards of Professional Appraisal Practice (USPAP); minimum appraisal standards; appraisals to address safety and soundness concerns; unavailable information; additional appraisal standards developed by credit unions; and appraiser independence. The final amendments should reduce costs without affecting the reliability of appraisals used in connection with federally related transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/10/04/95-24690/appraisals)
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