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How Long to Keep Appraisal Request Log/Sheets

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Question: 
How long should the appraisal request log/sheets be kept? The logs are saved on our system. But we have a paper copy in notebooks.
Answer: 

Not knowing what "appraisal request log/sheets" might actually be, it is hard to say. If you are talking about how a specific appraiser was selected for a particular loan, I would imagine a couple of years would suffice to prove that your appraisal process exhibits the appropriate independence.

First published on 02/09/2015

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