§ 3345. Certification and licensing requirements
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/usc/title-12/section-3345A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general For purposes of this chapter, the term “State certified real estate appraiser” means any individual who has satisfied the requirements for State certification in a State or territory whose criteria for certification as a real estate appraiser currently meets the minimum criteria for certification issued by the Appraiser Qualification Board of the Appraisal Foundation.
(b)Restriction No individual shall be a State certified real estate appraiser under this section unless such individual has achieved a passing grade upon a suitable examination administered by a State or territory that is consistent with and equivalent to the Uniform State Certification Examination issued or endorsed by the Appraiser Qualification Board of the Appraisal Foundation.
(c)“State licensed appraiser” defined As used in this section, the term “State licensed appraiser” means an individual who has satisfied the requirements for State licensing in a State or territory whose criteria for the licensing of a real estate appraiser currently meet or exceed the minimum criteria issued by the Appraisal Qualifications Board of The Appraisal Foundation for the licensing of real estate appraisers.
(d)Additional qualification criteria Nothing in this chapter shall be construed to prevent any Federal agency or instrumentality under this chapter from establishing such additional qualification criteria as may be necessary or appropriate to carry out the statutory responsibilities of such department, agency, or instrumentality.
(e)Minimum qualification requirements Any requirements established for individuals in the position of “Trainee Appraiser” and “Supervisory Appraiser” shall meet or exceed the minimum qualification requirements of the Appraiser Qualifications Board of The Appraisal Foundation. The Appraisal Subcommittee shall have the authority to enforce these requirements.
(Pub. L. 101–73, title XI, § 1116, Aug. 9, 1989, 103 Stat. 515; Pub. L. 102–233, title VII, § 701(a), Dec. 12, 1991, 105 Stat. 1792; Pub. L. 102–242, title IV, § 472(a), Dec. 19, 1991, 105 Stat. 2386; Pub. L. 102–550, title XVI, § 1617(a), Oct. 28, 1992, 106 Stat. 4096; Pub. L. 111–203, title XIV, § 1473(j), July 21, 2010, 124 Stat. 2195.)
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statutes-at-large
- Public Law 102–242To require the least-cost resolution of insured depository institutions, to improve supervision and examinations, to provide additional resources to the Bank Insurance Fund, and for other purposes
- 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 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
- Public Law 102–238To provide funding for the resolution of failed savings associations and working capital for the Resolution Trust Corporation, to restructure the Oversight Board and the Resolution Trust Corporation, 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
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statute-compilations
18 references not yet in our index
- Pub. L. 101–73, title XI, § 1116
- 103 Stat. 515
- Pub. L. 102–233, title VII, § 701(a)
- 105 Stat. 1792
- Pub. L. 102–242, title IV, § 472(a)
- 105 Stat. 2386
- Pub. L. 102–550, title XVI, § 1617(a)
- 106 Stat. 4096
- Pub. L. 111–203, title XIV, § 1473(j)
- 124 Stat. 2195
- Pub. L. 111–203, § 1473(j)(1)
- Pub. L. 111–203, § 1473(j)(2)
- Pub. L. 102–550, § 1617(a)
- Pub. L. 102–233, § 701(a)
- Pub. L. 102–242
- Pub. L. 111–203
- section 1400(c) of Pub. L. 111–203
- Pub. L. 102–550, title XVI, § 1617(b)
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§ 3345
Certification and licensing requirements
Fed. Reg.×33
Stat.×6
Stat. Comp.×1
U.S.C.×1
Pub. L.Pub. L. 101–73, title XI, § 1116
Stat.103 Stat. 515
Pub. L.Pub. L. 102–233, title VII, § 701(a)
Stat.105 Stat. 1792
Pub. L.Pub. L. 102–242, title IV, § 472(a)
Cites 20 · showing 7Cited by 41 across 4 sources