12 U.S.C. § 3332 : US Code - Section 3332: Functions of Appraisal Subcommittee

Search 12 U.S.C. § 3332 : US Code - Section 3332: Functions of Appraisal Subcommittee

(a) In general
The Appraisal Subcommittee shall -
(1) monitor the requirements established by States 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;
(2) monitor the requirements established by the Federal
financial institutions regulatory agencies and the Resolution
Trust Corporation 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
(4) Omitted.
(b) Monitoring and reviewing foundation
The Appraisal Subcommittee shall monitor and review the
practices, procedures, activities, and organizational structure of
the Appraisal Foundation.