# 7 CFR § 1942.3: Preparation of appraisal reports

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.3

## Section

- **Citation:** 7 CFR § 1942.3
- **Heading:** Preparation of appraisal reports
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—Agriculture > Subtitle B—Regulations of the Department of Agriculture > CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE > SUBCHAPTER H—PROGRAM REGULATIONS > PART 1942—ASSOCIATIONS > Subpart A—Community Facility Loans

## Text

When the loan approval official requires an appraisal, Form RD 442-10, “Appraisal Report—Water and Waste Disposal Systems,” may be used with appropriate supplements. Form RD 442-10 may be modified as appropriate or other appropriate format may be used for facilities other than water and waste disposal. Appraisal reports prepared for use in connection with the purchase of existing essential community facilities or when required by § 1942.17 (g)(2)(iii)(B)(2), (g)(3)(iii)(B)(2), and (j)(4) of this subpart, may be prepared by the RD engineer/architect or, if desired by the State Director, some other qualified appraiser. The loan approval official may require an applicant to provide an appraisal prepared by an independent qualified appraiser; however, the loan approval official must determine that the appraised value shown in such reports reflects the present market value.
[50 FR 7296, Feb. 22, 1985, as amended at 53 FR 6786, Mar. 3, 1988]

## Nearby sections

- [7 CFR § 1942.1 § 1942.1 General.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.1.md)
- [7 CFR § 1942.2 § 1942.2 Processing applications.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.2.md)
- [7 CFR § 1942.3 § 1942.3 Preparation of appraisal reports.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.3.md)
- [7 CFR § 1942.4 § 1942.4 Borrower contracts.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.4.md)
- [7 CFR § 1942.5 § 1942.5 Application review and approval.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.5.md)
- [7 CFR § 1942.6 § 1942.6 Preparation for loan closing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.6.md)
- [7 CFR § 1942.7 § 1942.7 Loan closing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.7.md)
- [7 CFR § 1942.8 § 1942.8 Actions subsequent to loan closing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.8.md)
- [7 CFR § 1942.9 § 1942.9 Planning, bidding, contracting, and constructing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.9.md)
- [7 CFR § 1942.10 § 1942.10 Strategic economic and community development.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.10.md)
- [7 CFR § 1942.12 § 1942.12 Loan cancellation.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.12.md)
- [7 CFR § 1942.13 § 1942.13 Loan servicing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.13.md)
- [7 CFR § 1942.14 § 1942.14 Subsequent loans.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.14.md)
- [7 CFR § 1942.15 § 1942.15 Delegation and redelegation of authority.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1942.3. Check the current official text before relying on it. Not legal advice.