<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 09.19.11.03" title_num="09" subtitle_num="19" chapter_num="11" heading="Review Process.">
  <text>When an appraisal report is submitted to a roster participant for review and evaluation for compliance with USPAP:</text>
  <paragraph num="A.">
    <text>The assignment of the appraisal review will be based on the geographic location of the subject property, the type of property appraised, and the expertise and qualifications of the VERA roster participant;</text>
  </paragraph>
  <paragraph num="B.">
    <text>The appraiser reviewing the report will be given specific written instructions by the Application/Complaint Committee as to the scope of the assignment;</text>
  </paragraph>
  <paragraph num="C.">
    <text>The appraiser will have 30 days in which to complete a review for residential properties and 45 days for all other properties;</text>
  </paragraph>
  <paragraph num="D.">
    <text>Extensions of the time for review may be granted upon written request from the appraiser to the Application/Complaint Committee;</text>
  </paragraph>
  <paragraph num="E.">
    <text>The appraiser shall provide the Application/Complaint Committee with written results of the review;</text>
  </paragraph>
  <paragraph num="F.">
    <text>Confidential information, such as the identities of the appraiser who prepared a report and the lender/client, will not be disclosed to the appraiser reviewing the report; and</text>
  </paragraph>
  <paragraph num="G.">
    <text>The appraiser reviewing the report will keep all information and documents submitted as part of the review confidential.</text>
  </paragraph>
</regulation>