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§ 3331. Purpose - The purpose of this chapter is to provide that Federal...
§ 3332. Functions of Appraisal Subcommittee - (a) In generalThe Appraisal Subcommittee shall—(1) monitor the requirements established...
§ 3333. Chairperson of Appraisal Subcommittee; term of Chairperson; meetings - (a) ChairpersonThe Council shall select the Chairperson of the subcommittee....
§ 3334. Officers and staff - The Chairperson of the Appraisal Subcommittee shall appoint such officers...
§ 3335. Powers of Appraisal Subcommittee - The Appraisal Subcommittee may, for the purpose of carrying out...
§ 3336. Procedures for establishing appraisal standards and requiring use of certified and licensed appraisers - Appraisal standards and requirements for using State certified and licensed...
§ 3337. Startup funding - (a) In generalFor purposes of this chapter, the Secretary of...
§ 3338. Roster of State certified or licensed appraisers; authority to collect and transmit fees - (a) In generalEach State with an appraiser certifying and licensing...
§ 3339. Functions of Federal financial institutions regulatory agencies relating to appraisal standards - (1) that real estate appraisals be performed in accordance with...
§ 3340. Time for proposal and adoption of standards - Appraisal standards established under this chapter shall be proposed not...
§ 3341. Functions of Federal financial institutions regulatory agencies relating to appraiser qualifications - (a) In generalEach Federal financial institutions regulatory agency and the...
§ 3342. Transactions requiring services of State certified appraiser - (1) a State certified appraiser shall be required for all...
§ 3343. Transactions requiring services of State licensed appraiser - All federally related transactions not requiring the services of a...
§ 3344. Time for proposal and adoption of rules - As appropriate, rules issued under sections 3342 and 3343 of...
§ 3345. Certification and licensing requirements - (a) In generalFor purposes of this chapter, the term “State...
§ 3346. Establishment of State appraiser certifying and licensing agencies - To assure the availability of State certified and licensed appraisers...
§ 3347. Monitoring of State appraiser certifying and licensing agencies - (a) In generalThe Appraisal Subcommittee shall monitor each State appraiser...
§ 3348. Recognition of State certified and licensed appraisers for purposes of this chapter - (a) Effective date for use of certified or licensed appraisers...
§ 3349. Violations in obtaining and performing appraisals in federally related transactions - (a) ViolationsExcept as authorized by the Appraisal Subcommittee in exercising...
§ 3350. Definitions - (1) State appraiser certifying and licensing agencyThe term “State appraiser...
§ 3351. Miscellaneous provisions - (a) Temporary practice(1) In generalA State appraiser certifying or licensing...
§ 3352. Emergency exceptions for disaster areas - (a) In generalEach Federal financial institutions regulatory agency may, by...
§ 3353. Appraisal management company minimum requirements - (a) In generalThe Board of Governors of the Federal Reserve...
§ 3354. Automated valuation models used to estimate collateral value for mortgage lending purposes - (a) In generalAutomated valuation models shall adhere to quality control...
§ 3355. Broker price opinions - (a) General prohibitionIn conjunction with the purchase of a consumer’s...
§ 3356. Exemption from appraisals of real estate located in rural areas - (a) DefinitionsIn this section—(1) the term “mortgage originator” has the...