42 U.S.C. § 2322 : US Code - Section 2322: Appraisal of property

Search 42 U.S.C. § 2322 : US Code - Section 2322: Appraisal of property

The Commission shall proceed to secure appraisals of all property
at the community which is to be sold pursuant to this chapter. The
appraisals shall be made by the Secretary of Housing and Urban
Development or his designee. The Secretary of Housing and Urban
Development shall be reimbursed from the Community Disposal
Operations Fund for the cost of such appraisals. Appraisals made
under this section shall be the appraisals on which the Secretary
of Housing and Urban Development may insure any mortgage or loan
under the National Housing Act [12 U.S.C. 1701 et seq.] until such
time as he finds that the appraisal values generally in the
community no longer represent the fair market values of the
properties.