Rule library
UAD1235WarningN/A

The 'Functional Depreciation' displays as a negative number on the appraisal. However, it must be delivered as a positive number in the UAD XML. For assistance with this message, contact the appraisal software vendor.

Where this rule lives in the report

Cost Approach
Functional Depreciation (%PV%)

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
CostApproachIndicator = "true" and DepreciationFunctionalAmount < 0 in a given instance of IMPROVEMENT_COST_AND_DEPRECIATED_VALUE/IMPROVEMENT_DEPRECIATION
Data Point Name
DepreciationFunctionalAmount (%PV%)

More rules in “Cost Approach”

UAD1064Provide the estimated number of years of the dwelling's remaining useful life.
Warning
UAD1227The 'Depreciated Cost of Dwellings' must be provided.
Warning
UAD1228The 'Depreciated Cost of Outbuildings' must be provided.
Warning
UAD1230Provide the 'As Is Value of Site Improvements'.
Fatal
UAD1233The 'Total Depreciation' displays as a negative number on the appraisal. However, it must be delivered as a positive number in the UAD XML. For assistance with this message, contact the appraisal software vendor.
Warning