12 USC 3341 - Functions of Federal financial institutions regulatory agencies relating to appraiser qualifications

U.S Code last checked for updates: Nov 22, 2024

§ 3341.

Functions of Federal financial institutions regulatory agencies relating to appraiser qualifications

(a)

In general

(b)

Threshold level

(c)

GAO study of appraisals in connection with real estate related financial transactions below threshold level

(1)

GAO studies

(A)

the cost to any financial institution involved in any such transaction;

(B)

the possibility of losses to the Deposit Insurance Fund or the National Credit Union Share Insurance Fund;

(C)

the cost to any customer involved in any such transaction; and

(D)

the effect on low-income housing.

(2)

Reports to Congress and the appropriate Federal financial institutions regulatory agencies

(Pub. L. 101–73, title XI, § 1112, Aug. 9, 1989, 103 Stat. 514; Pub. L. 102–550, title IX, § 954, Oct. 28, 1992, 106 Stat. 3894; Pub. L. 104–208, div. A, title II, § 2704(d)(15)(B), Sept. 30, 1996, 110 Stat. 3009–495; Pub. L. 104–316, title I, § 106(g), Oct. 19, 1996, 110 Stat. 3831; Pub. L. 109–171, title II, § 2102(b), Feb. 8, 2006, 120 Stat. 9; Pub. L. 109–173, § 9(g)(2), Feb. 15, 2006, 119 Stat. 3618; Pub. L. 111–203, title XIV, § 1473(a), July 21, 2010, 124 Stat. 2190.)

cite as: 12 USC 3341