Jerod - Thanks for your reply. I read that previously. I am interpreting under 14(b)(3)(1)(iv) 'A report generated by use of an automated valuation model to estimate the property's value' to include the NADA Value Report. Since the bank has to pay to access the report, enter specific information as it relates to the mobile home, region, etc. would this be considered publicy available as noted in the citation for exclusions? I considered publicly available to include valuation information that is available to view for free, whether it is online, paper, periodical, etc. For example, a county in Ky has a website published by the property valuation administrator. You can type in an address and access the PVA. I would include this under the exclusion provision you mentioned.
Additionally, the bank would not use the PVA amount listed to determine a loan to value amount but we would for the Value Report since it is based on a true estimated value.
I'm by no means saying my logic is right, it is just the due diligence I have done to this point that makes me think the NADA Value Report should be included. I am interested to see how others view this.
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Opinions/comments are mine and not my employers.