Rule library
UAD1051WarningField 3.017Subject

The property can only be considered as new construction when 'Year Built' for the dwelling(s) is within 1 year of the 'Effective Date of Appraisal'.

Where this rule lives in the report

Subject Property
New Construction

Report Section as the GSEs define them — the black tab and grey bar you already read on the URAR.

Severity
Warning — flagged but does not block delivery. Reviewers will still look.
Triggered when
NewConstructionIndicator = "true", and PropertyStructureBuiltYear is not the same year, or within 1 year of the AppraisalReportEffectiveDate, for one or more instances of IMPROVEMENT_DETAIL with ImprovementType = "Dwelling".
Data Point Name
NewConstructionIndicator
Unique ID
0300.0010
Report Field ID
3.017
What this field means
When true, indicates that all dwellings on the property have been completed in the last 12 months, have a 100% new foundation, and have never been occupied.

Seen in the sample reports

How this field is populated in the official UAD 3.6 sample scenarios.

More rules in “Subject Property”

UAD1001Provide the address line for the subject property physical address.
Fatal
UAD1002Provide the city name for the subject property physical address.
Fatal
UAD1003Provide the county name for the subject property physical address.
Fatal
UAD1004Provide the ZIP code for the subject property physical address.
Fatal
UAD1005The ZIP code for the subject property physical address must be either 5 digits, or 5 digits, a hyphen, and 4 digits (ZIP+4).
Fatal