12 U.S.C. § 3342 : US Code - Section 3342: Transactions requiring services of State certified appraiser

Search 12 U.S.C. § 3342 : US Code - Section 3342: Transactions requiring services of State certified appraiser

In determining whether an appraisal in connection with a
federally related transaction shall be performed by a State
certified appraiser, an agency or instrumentality under this
chapter shall consider whether transactions, either individually or
collectively, are of sufficient financial or public policy
importance to the United States that an individual who performs an
appraisal in connection with such transactions should be a State
certified appraiser, except that -
(1) a State certified appraiser shall be required for all
federally related transactions having a value of $1,000,000 or
more; and
(2) 1-to-4 unit, single family residential appraisals may be
performed by State licensed appraisers unless the size and
complexity requires a State certified appraiser.