2001 US Code
Title 12 - BANKS AND BANKING
CHAPTER 34A - APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
Sec. 3342 - Transactions requiring services of State certified appraiser
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 1, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 34A - APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Sec. 3342 - Transactions requiring services of State certified appraiser |
| Contains | section 3342 |
| Date | 2001 |
| Laws in Effect as of Date | January 22, 2002 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 101-73, title XI, §1113, Aug. 9, 1989, 103 Stat. 514. |
| Statutes at Large Reference | 103 Stat. 514 |
| Public Law Reference | Public Law 101-73 |
§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 ,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.
(Pub. L. 101–73, title XI, §1113, Aug. 9, 1989, 103 Stat. 514.)
Section Referred to in Other SectionsThis section is referred to in sections 3341, 3344 of this title.
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