Business and Personal Finance Dictionary

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• RESTRICTED APPRAISAL REPORTS
  
  One of three types of real estate appraisal reports defined under Uniform Standards of Professional Appraisal Practice (USPAP) rules. A restricted appraisal report is the least detailed of the three report formats. Given a bank’s need to meet both regulatory requirements and the needs of prudent loan underwriting, more detailed reports are almost always preferable.
  
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