United States Code

12 U.S.C. § 3332

Functions of Appraisal Subcommittee

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Bills that would change it 14

HR 6644 21st Century ROAD to Housing Act Amends 3332(a) · enacted · 119th Congress
HR 6337 ROAD to Housing Act of 2025 Amends 3332(a) · introduced · 119th Congress
HRES 1299 Providing for the concurrence by the House in the Senate amendment to H.R. 6644, with amendment. Amends 3332(a) · introduced · 119th Congress
S 2296 National Defense Authorization Act for Fiscal Year 2026 Amends 3332(a) · introduced · 119th Congress
HR 6025 Appraisal Industry Improvement Act Amends 3332(a) · introduced · 119th Congress
HR 5520 Portal for Appraisal Licensing Act of 2025 Amends · introduced · 119th Congress
S 2651 ROAD to Housing Act of 2025 Amends 3332(a) · introduced · 119th Congress
S 1635 Appraisal Industry Improvement Act Amends 3332(a) · introduced · 119th Congress
S 3902 Appraisal Industry Improvement Act Amends 3332(a) · introduced · 118th Congress
S 2692 Portal for Appraisal Licensing Act of 2023 Amends · introduced · 118th Congress
HR 2771 Portal for Appraisal Licensing Act of 2023 Amends · introduced · 118th Congress
HR 5756 Portal for Appraisal Licensing Act of 2021 Amends · introduced · 117th Congress
HR 3619 Appraisal Fee Transparency Act of 2019 Amends 3332(a)(3) · introduced · 116th Congress
S 2155 Economic Growth, Regulatory Relief, and Consumer Protection Act Amends its part · enacted · 115th Congress

The law today

From the official United States Code, current through Public Law 119-124.

(a) In general The Appraisal Subcommittee shall— (1) monitor the requirements established by States— (A) for the certification and licensing of individuals who are qualified to perform appraisals in connection with federally related transactions, including a code of professional responsibility; and (B) for the registration and supervision of the operations and activities of an appraisal management company; (2) monitor the requirements established by the Federal financial institutions regulatory agencies with respect to— (A) appraisal standards for federally related transactions under their jurisdiction, and (B) determinations as to which federally related transactions under their jurisdiction require the services of a State certified appraiser and which require the services of a State licensed appraiser; (3) maintain a national registry of State certified and licensed appraisers and State credentialed trainee appraisers who are eligible to perform appraisals in federally related transactions; (4) transmit an annual report to the Congress not later than June 15 of each year that describes the manner in which each function assigned to the Appraisal Subcommittee has been carried out during the preceding year, detailing the activities of the Appraisal Subcommittee, including the results of all audits of State appraiser regulatory agencies, and provides an accounting of disapproved actions and warnings taken in the previous year, including a description of the conditions causing the disapproval and actions taken to achieve compliance; and (5) maintain a national registry of appraisal management companies that either are registered with and subject to supervision of a State appraiser certifying and licensing agency or are operating subsidiaries of a Federally regulated financial institution. (b) Monitoring and reviewing foundation The Appraisal Subcommittee shall monitor and review the practices, procedures, activities, and organizational structure of the Appraisal Foundation.

Official text at uscode.house.gov ↗