To assure the availability of State certified and licensed appraisers for the performance in a State of appraisals in federally related transactions and to assure effective supervision of the activities of certified and licensed appraisers, a State may establish a State appraiser certifying and licensing agency. The duties of such agency may additionally include the registration and supervision of appraisal management companies and the addition of information about the appraisal management company to the national registry.
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