(1) that real estate appraisals be performed in accordance with generally accepted appraisal standards as evidenced by the appraisal standards promulgated by the Appraisal Standards Board of the Appraisal Foundation;
(2) that such appraisals shall be written appraisals; and
(3) that such appraisals shall be subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice.
Structure US Code
CHAPTER 34A— APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
§ 3332. Functions of Appraisal Subcommittee
§ 3333. Chairperson of Appraisal Subcommittee; term of Chairperson; meetings
§ 3335. Powers of Appraisal Subcommittee
§ 3338. Roster of State certified or licensed appraisers; authority to collect and transmit fees
§ 3340. Time for proposal and adoption of standards
§ 3342. Transactions requiring services of State certified appraiser
§ 3343. Transactions requiring services of State licensed appraiser
§ 3344. Time for proposal and adoption of rules
§ 3345. Certification and licensing requirements
§ 3346. Establishment of State appraiser certifying and licensing agencies
§ 3347. Monitoring of State appraiser certifying and licensing agencies
§ 3348. Recognition of State certified and licensed appraisers for purposes of this chapter
§ 3349. Violations in obtaining and performing appraisals in federally related transactions
§ 3351. Miscellaneous provisions
§ 3352. Emergency exceptions for disaster areas
§ 3353. Appraisal management company minimum requirements
§ 3354. Automated valuation models used to estimate collateral value for mortgage lending purposes
§ 3356. Exemption from appraisals of real estate located in rural areas