§ 3332. Functions of Appraisal Subcommittee
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/usc/title-12/section-3332A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general The Appraisal Subcommittee shall—
(1)monitor the requirements established by States—
(A)for the certification and licensing of individuals who are qualified to perform appraisals in connection with federally related transactions, including a code of professional responsibility; and
(B)for the registration and supervision of the operations and activities of an appraisal management company;
(2)monitor the requirements established by the Federal financial institutions regulatory agencies with respect to—
(A)appraisal standards for federally related transactions under their jurisdiction, and
(B)determinations as to which federally related transactions under their jurisdiction require the services of a State certified appraiser and which require the services of a State licensed appraiser;
(3)maintain a national registry of State certified and licensed appraisers who are eligible to perform appraisals in federally related transactions; and 1
(4)Omitted
(5)transmit an annual report to the Congress not later than June 15 of each year that describes the manner in which each function assigned to the Appraisal Subcommittee has been carried out during the preceding year. The report shall also detail the activities of the Appraisal Subcommittee, including the results of all audits of State appraiser regulatory agencies, and provide an accounting of disapproved actions and warnings taken in the previous year, including a description of the conditions causing the disapproval and actions taken to achieve compliance.2
(6)maintain a national registry of appraisal management companies that either are registered with and subject to supervision of a State appraiser certifying and licensing agency or are operating subsidiaries of a Federally regulated financial institution.
(b)Monitoring and reviewing foundation The Appraisal Subcommittee shall monitor and review the practices, procedures, activities, and organizational structure of the Appraisal Foundation.
(Pub. L. 101–73, title XI, § 1103, Aug. 9, 1989, 103 Stat. 512; Pub. L. 111–203, title III, § 367(6), title XIV, § 1473(b), (f)(1), July 21, 2010, 124 Stat. 1557, 2190, 2191.)
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statutes-at-large
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 111–203To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes
CFR
statute-compilations
bill
- Sec. 3Trainee appraisers
- Sec. 3Trainee appraisers
- Sec. 2Portal for Appraiser Credentialing and AMC Registration Information
- Sec. 4Promoting diversity and inclusion in the appraisal profession
- Sec. 2Portal for Appraiser Credentialing and AMC Registration Information
- Sec. 5443Promoting diversity and inclusion in the appraisal profession
- Sec. 5443Promoting diversity and inclusion in the appraisal profession
- Sec. 2Portal for Appraiser Credentialing and AMC Registration Information
- Sec. 4State credentialed trainee appraisers
- Sec. 2Portal for Appraiser Credentialing and AMC Registration Information
- Sec. 4State credentialed trainees
- Sec. 403Appraisal Industry Improvement Act
- Sec. 4State credentialed trainee appraisers
- Sec. 403Appraisal Industry Improvement Act
15 references not yet in our index
- 1
- 2
- Pub. L. 101–73, title XI, § 1103
- 103 Stat. 512
- Pub. L. 111–203, title III, § 367(6)
- 124 Stat. 1557
- section 3003 of Pub. L. 104–66
- Pub. L. 111–203, § 1473(f)(1)(A)
- Pub. L. 111–203, § 367(6)
- Pub. L. 111–203, § 1473(b)
- Pub. L. 111–203, § 1473(f)(1)(B)
- section 367(6) of Pub. L. 111–203
- section 351 of Pub. L. 111–203
- Pub. L. 111–203
- section 1400(c) of Pub. L. 111–203
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§ 3332
Functions of Appraisal Subcommittee
Fed. Reg.×50
Bills×14
Stat.×4
C.F.R.×3
Stat. Comp.×1
Cite1
Cite2
Pub. L.Pub. L. 101–73, title XI, § 1103
Stat.103 Stat. 512
Pub. L.Pub. L. 111–203, title III, § 367(6)
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