source:
  type: regulation
  id: hud-ml-2022-11
  authority: "HUD Mortgagee Letter 2022-11 — Revised Appraisal Validity Periods"
  description: 'HUD ML 2022-11 updates Handbook 4000.1 sections II.A.1.a.i(A)(1)(b),

    II.A.1.a.iii(B)(6), II.A.1.a.iii(B)(10), III.A.2.l.ii(D)(1)(c), and

    III.A.2.r.iii(A)(1) to revise the initial FHA appraisal validity period

    from 120 to 180 days and extend the appraisal update validity period to

    one year from the effective date of the initial appraisal.

    '
obligations:
- id: hud-ml-2022-11-initial-appraisal-validity-180
  canonical_id: hud-ml-2022-11-initial-appraisal-validity-180
  section: "HUD ML 2022-11 — Initial Appraisal Validity (II.A.1.a.i(A)(1)(b)(i))"
  description: 'For FHA Single Family Title II forward and HECM origination, the initial

    appraisal validity period that [LENDER] applies is 180 Days from the

    effective date of the appraisal report.

    '
  type: do
  audit_question: For every FHA Single Family Title II forward or HECM loan with a case number assigned on or after June 1, 2022, can [LENDER] demonstrate that the initial appraisal used at underwriting was within 180 Days of its effective date?
  workflow_phase: origination
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: per-loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - hud-ml
  - fha
  - origination
  - appraisal
  - validity-period
  - promoted
  primary_source:
    tier: 1
    authority: "HUD ML 2022-11 — II.A.1.a.i(A)(1)(b)(i)"
    source_class: hud-ml-pdf
    source_url: https://www.hud.gov/sites/dfiles/OCHCO/documents/2022-11hsgml.pdf
    snapshot_id: f4ae997f0041f46b
    fetched_at: '2026-05-22T19:55:38Z'
    content_hash: sha256:24e1a856ea948bbda5a6526e5e109a707ee6404e6d36b4e1457970a9ca715790
    paragraph_quote: "The initial appraisal validity period is 180 Days from the effective date \nof the appraisal report (see Ordering Appraisals (II.A.1.a.iii(B)(6))."
    drafter_attestation: 'Copied verbatim from snapshot f4ae997f0041f46b (content.txt) at

      2026-05-22T20:00Z. Substring is the revised initial appraisal

      validity period incorporated into Handbook 4000.1

      II.A.1.a.i(A)(1)(b)(i) by ML 2022-11.

      '
  promoted_at: '2026-05-22T20:56:03+00:00'
  promoted_from: hud-ml-2022-11-roundb-v1.yaml
  program_review: Do the P&Ps ensure the initial appraisal used at underwriting is within 180 Days of its effective date for Title II forward and HECM originations?
  file_review: Pull files (case numbers on/after June 1, 2022); confirm the initial appraisal was within 180 Days of its effective date.
  judgment: false
- id: hud-ml-2022-11-appraisal-update-one-year
  canonical_id: hud-ml-2022-11-appraisal-update-one-year
  section: "HUD ML 2022-11 — Appraisal Update (II.A.1.a.i(A)(1)(b)(ii))"
  description: 'Where the initial FHA appraisal report will be more than 180 days old at

    Disbursement Date, [LENDER] may perform an appraisal update to extend the

    appraisal validity period; where the initial appraisal is updated, the

    updated appraisal is valid for one year after the effective date of the

    initial appraisal report being updated.

    '
  type: do
  audit_question: For every FHA loan that uses an appraisal update to extend validity, can [LENDER] evidence that the update was performed before the initial appraisal expired and that the updated appraisal was used within one year of the initial appraisal effective date?
  workflow_phase: origination
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: per-loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - hud-ml
  - fha
  - origination
  - appraisal
  - validity-period
  - appraisal-update
  - promoted
  primary_source:
    tier: 1
    authority: "HUD ML 2022-11 — II.A.1.a.i(A)(1)(b)(ii)"
    source_class: hud-ml-pdf
    source_url: https://www.hud.gov/sites/dfiles/OCHCO/documents/2022-11hsgml.pdf
    snapshot_id: f4ae997f0041f46b
    fetched_at: '2026-05-22T19:55:38Z'
    content_hash: sha256:24e1a856ea948bbda5a6526e5e109a707ee6404e6d36b4e1457970a9ca715790
    paragraph_quote: "Where the initial appraisal is updated, the updated \nappraisal is valid for one year after the effective date of the initial \nappraisal report that is being updated."
    drafter_attestation: 'Copied verbatim from snapshot f4ae997f0041f46b (content.txt) at

      2026-05-22T20:00Z. Substring is the one-year appraisal-update

      validity rule incorporated into Handbook 4000.1

      II.A.1.a.i(A)(1)(b)(ii) by ML 2022-11.

      '
  promoted_at: '2026-05-22T20:56:03+00:00'
  promoted_from: hud-ml-2022-11-roundb-v1.yaml
  program_review: Does the program account for the appraisal-update path — permitting an update before the initial appraisal expires, with the updated appraisal valid for one year from the initial appraisal's effective date?
  file_review: Spot-check files using an appraisal update; confirm the update was performed before expiry and used within one year of the initial appraisal effective date.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-22T20:56:03+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\hud-ml-2022-11-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
