Which of the following loans may require compliance with Appraiser Independence Requirements?

The correct choice is conventional loans, as they often involve compliance with Appraiser Independence Requirements (AIR). The Appraiser Independence Requirements are designed to ensure that appraisals are unbiased and not influenced by the parties involved in the transaction. These requirements are particularly relevant for loans that are sold to government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac, which predominantly deal with conventional mortgages.

Conventional loans are subject to specific regulations that promote the integrity of the appraisal process, thereby safeguarding consumer interests. AIR mandates that appraisers maintain independence from the lender and the borrower to avoid conflicts of interest that could compromise the appraisal outcome.

While FHA and VA loans also have strict requirements surrounding appraisals, they are governed by their respective guidelines set forth by the Federal Housing Administration and the Department of Veterans Affairs, which may differ from the AIR applied to conventional loans. Commercial loans typically do not adhere to the same set of appraisal independence requirements as residential loans, often involving different regulatory frameworks. Consequently, when considering the context of AIR, conventional loans stand out as the loan type most closely aligned with these specific independence requirements.