2016 US Code
Title 12 - Banks and Banking
Chapter 34A - Appraisal Subcommittee of Federal Financial Institutions Examination Council
Sec. 3331 - Purpose

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Citation 12 U.S.C. § 3331 (2016)
Section Name §3331. Purpose
Section Text

The purpose of this chapter is to provide that Federal financial and public policy interests in real estate related transactions will be protected by requiring that real estate appraisals utilized in connection with federally related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.

Source Credit

(Pub. L. 101–73, title XI, §1101, Aug. 9, 1989, 103 Stat. 511.)

Publication Title United States Code, 2012 Edition, Supplement 4, 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. 3331 - Purpose
Contains section 3331
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 103 Stat. 511
Public Law References Public Law 101-73
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