A lender engaged an appraiser. The homeowner is neither an intended user nor authorized to receive confidential results, and no other permitted disclosure exception applies. What governs the appraiser’s response?
Correct Answer
A) Confidentiality — the lender, not the homeowner, is the client
Ownership and payment alone do not authorize the appraiser to disclose protected results. In the stated absence of client authorization or another permitted exception, protect confidentiality. Separate lender obligations to provide a borrower copy do not automatically authorize direct disclosure by the appraiser.
Why This Is the Correct Answer
Ownership and payment alone do not authorize the appraiser to disclose protected results. In the stated absence of client authorization or another permitted exception, protect confidentiality. Separate lender obligations to provide a borrower copy do not automatically authorize direct disclosure by the appraiser.
More USPAP Questions
Under USPAP, what are assignment results?
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