ICAP Signed A Letter Regarding The Waiver Of The Requirement To Utilize a Certified Appraiser
The letter is in responce to a temporary Waiver Request by TriStar Bank. The letter states that based strictly on the partial information included in TriStar’s November 20, 2017 letter to the ASC, the request does not appear to follow the regulations adopted by the FFIEC and ASC regarding the receipt, processing and consideration of temporary waiver requests. Further, TriStar’s request includes requests that fall outside of the authority of the ASC.
Read the letter here.