The Chapter Welcomes You!

We are home to Indiana’s premier appraisers. As the local organization of the Appraisal Institute, we host chapter meetings and sponsor educational offerings.

Our purpose is to serve our AI professionals with its Branch Chapters by recognizing the geographic and professional diversity in providing services which enhance the abilities and opportunities of its professionals enabling them to achieve their objectives in a professional and ethical manner.

This web page provides information from the Hoosier State Chapter to our AI professionals and the public. For more information, or if you are interested in joining our organization, visit the national home page of the Appraisal Institute.

2020-21 USPAP Extended for One Year

 

(Washington, DC) February 19, 2021 – The Appraisal Foundation’s Appraisal Standards Board (ASB) announced today that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year. The 2020-2021 USPAP will now be effective until December 31, 2022.

 

“USPAP has been a living document since its adoption in 1987. Initially, changes were being adopted so frequently, they were simply being added as inserts into a large binder. As time has progressed the updating cycle lengthened to one year and now two years. Like every profession, COVID-19 has had an unprecedented impact on the appraisal profession and how we conduct day to day business. Pressing issues have arisen in our profession over the past year ranging widely from concerns about fair housing matters to how to conduct a socially distanced property inspection. USPAP is a maturing document, and it can take longer to study the complex issues facing our profession and how they will impact our standards. We believe all of these are all critical issues and deserve thoughtful consideration before we issue guidance,” said ASB Chair Wayne Miller.

 

“With that in mind, we have decided to extend the effective date of the current USPAP by one year. This will provide continuity to the profession during this pandemic while also giving the ASB the appropriate time to carefully examine the challenges facing our profession before offering additional guidance.”

 

To learn more about this announcement, please visit The Appraisal Foundation website, appraisalfoundation.org or click here to read our Frequently Asked Questions, including how this decision impacts continuing education courses.


 

Hoosier State Chapter 1st Quarter Newsletter

Please find the 2021 1st Quarter HSC Newsletter PDF at the following link HSC Newsletter- Q1 2021 

 


Indiana Executive Order 20-18 

The full document can be found at this Executive Order 20-18 Cont Stay at Home link.

Items of particular note concerning real estate appraisers can be found on page 8 – Section 14 Essential Business & Operations Item H. Financial & Insurance Institutions & page 9 – Section 14 Essential Business & Operations Item Q. Professional Services.

 


Indiana Executive Order – Directive For Hoosiers To Stay At Home

March 23, 2020 – Please click the following link to read the entire executive order IN Executive Order 20-08 (Stay at Home).


Fannie Mae – Temporary Guidance From Fannie Mae

Fannie Mae has issued temporary guidance on appraisal requirements, including allowing desktop and exterior-only appraisals on many mortgage transactions, in Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals, which will be updated as needed.

Page 4 of LL-2020-04 includes links to modified certifications and instructions for both Desktop Appraisals and Appraisals with Exterior-only Inspections. Please review these documents and note instructions for appraisers to copy the text indicated in its entirety and paste into their reports. You can access the Lender Letter and other resources on the Appraisers Page.

2021 – 2nd Quarter AIHSC Meeting 

Date:            Thursday, June 10th

Time & Location TBD

 

2021 – 3rd Quarter AIHSC Meeting 

Date:            Thursday, September 9th

Time & Location TBD

 

2021 – 4th Quarter AIHSC Meeting 

Date:            Thursday, December 9th

Time & Location TBD

 

National Events

  • May 19-21 LDAC
  • August 8 Joint Regional Meetings in Orlando
  • August 9-10 Annual AI Conference in Orlando
  • August 12-13 National BOD Meeting – 3rd Quarter
  • November 11-12 National BOD Meeting – 4th Quarter

2020 Hoosier State Chapter President, Erick Landeen, MAI, (right) with Richard L. Borges II, MAI, SRA, AI-GRS, AI-RRS (center) and Randy Scheidt, MAI, SRA (left)

http://www.airelief-foundation.org/
http://www.airelief-foundation.org/

Click here to visit the AI Relief Foundation website to request assistance or donate.