Technical Information Paper (TIP) – Valuations for Mortgage and Loan Security Purposes released
The Australian Valuation Standards Committee (AVSC) has updated the API TIP Valuations for Mortgage and Loan Security Purposes (ANZVTIP 12) to incorporate NZIV requirements so that we have a combined Australian and New Zealand paper. This TIP is effective from 1 January 2020.
The updated TIP replaces ANZVTIP 12 in Australia and New Zealand.
The purpose of this TIP is to provide information to Valuer Member of the Institutes who provide valuation services for mortgage and loan security purposes. Members undertaking valuations for mortgage and loan security purposes must do so to a standard of professionalism and skill required and consistent with membership of the API and in compliance with the law.
The API is committed to the promotion of best practice within the property industry and welcomes feedback to help this goal be achieved.
For any enquiries please email [email protected]
To download a copy of this TIP, click here.
Posted on January 22, 2020
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