Wis. Admin. Code Department of Safety and Professional Services SPS 85.110

Current through October 28, 2024

Section SPS 85.110 - Intent

The intent of the department in adopting chs. SPS 85 to 87 is to establish minimum standards for professional appraisal practice for certified and licensed appraisers that are consistent with the Uniform Standards of Professional Appraisal Practice issued by the Appraisal Standards Board of The Appraisal Foundation. It is further intended that these rules shall establish standards of competency such that persons certified or licensed as appraisers are qualified to perform appraisals for federally related transaction under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, 12 USC 3331 et seq.

Cr. Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. eff. 10-1-91; am, Register, May, 1992, No. 437, eff. 6-1-92; am. Register, April, 1994, No. 460, eff. 5-1-94; am. Register, June, 1996, No. 486, eff. 7-1-96; am. Register, January, 1998, No. 505, eff. 2-1-98; correction made under s. 13.92(4) (b) 7, Stats., Register November 2011 No. 671; CR 14-016: renum. from §SPS 80.02 and am. Register September 2014 No. 705.

Amended by,Wisconsin Register December 2014 No. 708, eff.1/1/2015.

Amended by, CR 18-104: am. Register December 2019 No. 768, eff. 1/1/2020