Property Valuation
Indiana's Uniform Standards of Professional Appraisal Practice (USPAP) requires appraisers to maintain workfiles for a minimum of:
A2 years from the date of the appraisal report
B5 years from the date of the report, or 2 years after final disposition of any judicial proceeding, whichever is later✓ Correct
C7 years from the date of the appraisal
D10 years from the date of the appraisal
Explanation
USPAP requires appraisers to retain workfiles for a minimum of 5 years after the date of the appraisal report, or at least 2 years after final disposition of any related judicial proceeding, whichever period expires later.
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