7 CFR § 766.115 - Challenging the Agency appraisal.
(1) Obtain a USPAP compliant technical appraisal review prepared by a State Certified General Appraiser of the Agency's appraisal and provide it to the Agency prior to reconsideration or the appeal hearing;
(i) Pay for this appraisal;
(ii) Choose which appraisal will be used in Agency calculations, if the difference between the two appraisals is five percent or less.
(3) Negotiate the Agency's appraisal by obtaining a second appraisal.
(ii) If the difference between the two appraisals is greater than five percent, the borrower may request a third appraisal. The Agency and the borrower will share the cost of the third appraisal equally. The average of the two appraisals closest in value will serve as the final value.
(iv) The borrower may not appeal a negotiated appraisal.
(c) If the appeal process results in a determination that the borrower is eligible for primary loan servicing, the Agency will use the information utilized to make the appeal decision, unless stated otherwise in the appeal decision letter.
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