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LI R M461 ACEP -ALE Appraisal Specifications and Scope 3. The technical reviewer is not assigned to the appraisal until it is received from the eligible entity. 4. The technical reviewer may contact the appraiser for clarification and minor corrections. 5. The appraisal will be returned through NRCS to the eligible entity if significant changes are necessary requiring a supplemental appraisal report as discussed in section H below. The technical reviewer will provide a technical appraisal review report not approving the appraisal and identifying the corrections or additions needed. 6. The technical reviewer will be available to the appraiser to assist in obtaining an acceptable appraisal report. 7. The supplemental appraisal report will be subject to a subsequent review. H. Format for Supplemental Appraisal Reports Supplements or amendments to appraisal reports, such as for updating value estimates or effective date of value, changes in acreage, additional support or explanation, or to correct a previous appraisal report, must be referenced for incorporation with the original report in accordance with USPAP. The following format is recommended. All items must be addressed. a. Title Page. — Include the same information as on the original appraisal report. Label the report as a "Supplemental Appraisal Report to the Appraisal Report for " b. Summary of Facts. — Include: 1. Owner's name or other identification of the property 2. Client's name 3. Size 4. Highest and best use 5. New opinion of value 6. Valuation date a. Effective date of the original report or b. The date of the new inspection for updating the effective date. Summary of Original Appraisal. —Cite the date and value opinion from the 40riginal appraisal. If previous updates have been made since the original appraisal, cite value opinions and value dates from all updates as well as the original appraisal. d. Changes. — Explain the reason for the appraisal supplement such as, to update an opinion of value due to survey acres, new effective date, amend a previous appraisal report, add additional support or explanation, or other. e. New Opinion of Value.— Discuss the changes that have occurred since the original appraisal. Discuss the method used to update the opinion of value and cite the evidence or analysis of trends that support the updated value opinion. Conclude with a statement of the new opinion of value and the valuation date ef WI is the effective date of the original report or the new effective date, followed by the contract appraiser's signature. Certification as required in section F(b)(A)(4) of this exhibit. . g. Addenda. Include sales data detail for new sales cited, summaries of data and trend analyses, maps of sales analyzed, and any other information relied upon but not included in the text. h. Binding.If the supplemental appraisal report comprises more than four pages, it must be bound in durable report cover with appropriate identification. i. Electronic Copy. —An electronic copy of the supplemental report will be provided along with the hardcopy. 14 Attachment number 1 F -7 Page 195