Yes, but 7-9 years is a long time not only in today's market, from what we are seeing in recent exams and from what we hear from our external loan review team.
You would need to be ready (with over the top, excellent "useful life validation" with supporting documention to address the market (ups & downs), zoning, competing properties, the availability of financing) to support the decision to not re-appraise should this come up during your next exam or loan review.
I know in our markets here it would be a very rare situation where a loan could support using an appraisal that old.
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Just working here until I get my letter from Hogwarts.