When a law or regulation precludes compliance with any part of USPAP, appraisers must comply with that particular law or appraisal.
USPAP stands for Uniform Standards for Professional Appraisal Practice. This is considered to be the quality control standards applicable on intangible assets, personal property, real property or even business valuation appraisal analysis in the United States.
Whenever a USPAP compliance is made mandatory by the federal law, the jurisdictional exception can be created by no state or local law, therefore no part of the former can be voided by any such law. This jurisdictional exception rule came as a savior in order to maintain the balance of USPAP.
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