                                 CODE OF VIRGINIA

EVALUATION REQUIREMENTS; REPORT (§ 54.1-2017.1)

A. Any evaluation, as defined in &#xA7; 54.1-2009, shall contain the statement:
&#8220;This is not an appraisal performed in accordance with the Uniform
Standards of Professional Appraisal Practice.&#8221;

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.

HISTORY: 2018, c. 644.