# Appraisals and Property Valuation; Corrections
> **US Department of Housing and Urban Development** · Final rule; Corrections. · Published 1995-03-31 · Effective 1994-12-02 · 60 FR 16571
## Document
- **Document number:** 95-8053
- **Category:** hud-fha
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 60 FR 16571
- **CFR reference:** 24 CFR 204
- **Publication date:** 1995-03-31
- **Effective date:** 1994-12-02
- **Docket:** Docket No. R-95-1626
## Abstract

On October 3, 1994 (59 FR 50456), the Department published in the Federal Register, a final rule that established minimum standards for real estate appraisals made by staff, fee panel and contract appraisers in determining the maximum insurable mortgage amount in most HUD/FHA single family (one-to-four family) and multifamily transactions; and established criteria for the selection of appraisers by mortgagees. That rule erroneously revised a nonexistent Sec. 204.3(b), which had previously been removed by the complete revision of 24 CFR part 204 on August 5, 1994 (59 FR 39956). To avoid further confusion, this document removes Sec. 204.3(b). The October 3 final rule also added a new part 267 to title 24 of the Code of Federal Regulations. This document clarifies and corrects cross-references contained in Secs. 267.3(c)(1) and (c)(2).

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/03/31/95-8053/appraisals-and-property-valuation-corrections)
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