The Appraisal Foundation - State Regulatory Info

Inside This Section

Banking Regulations
Appraisal Subcommittee

National USPAP Course
State Regulator Advisory Group

Find Info On...

Find Info For...

State Regulatory Info

In 1989 Congress passed the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), more commonly known as the Savings and Loan Bailout Bill. Title XI of FIRREA set up a real estate appraiser regulatory system involving the Federal Government, the states and The Appraisal Foundation.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has the authority to ensure that the states and the Foundation meet the requirements that the states use certifying appraisers and the standards of professional practice to which appraisers are held by the states (the Uniform Standards of Professional Appraisal Practice).

Please contact the Foundation at info@appraisalfoundation.org to learn more about the Foundation's role in real estate appraiser regulation.

Purchase 2010-2011 Spiral Bound USPAP from the Foundation Store today!

NEW! 2010-2011 Spiral Bound USPAP
Learn More...

Foundation E-news and/or the State Regulator Update

Subscribe to our eNewsletters:
Learn More...

Recently Added to This Section

Banking Regulations

State Real Estate Appraiser Regulatory Boards
Each U.S. State or Territory has a State appraiser regulatory agency, which is responsible for certifying and licensing real estate appraisers and supervising their appraisal-related activities, as required by Federal law.

Title XI of the Financial Institutions Recovery, Reform, and Enforcement Act of 1989
SEC. 1101. PURPOSE [12 U.S.C. 3331] The purpose of this title 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...