PO Box 1212
Tampa, FL 33601

Pinellas
(727) 726-8811
Hillsborough
(813) 258-5827
Toll Free 1-888-683-7538
Fax (813) 258-5902

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ATTENTION
Lending Institutions
MAI or not to MAI !

Updated June 2006


20. Why did the ASB introduce a definition for the term “credible”?

Use of the term “credible” is not new. “Credible” was a central concept in USPAP prior to the 2006 USPAP, but it is more prominent in the 2006 USPAP.

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