FIRREA Title XI (Real Estate Appraisal Reform Amendments, 12 U.S.C.) § 3339 — Functions of Federal financial institutions regulatory agencies relating to appraisal standards
FIRREA Title XI (Real Estate Appraisal Reform Amendments, 12 U.S.C.), §3339 Functions of Federal financial institutions regulatory agencies relating to appraisal standards. Full verbatim text from the Office of the Law Revision Counsel's United States Code (USLM XML, release point 119-111).
Verbatim regulatory text
Verbatim provisions from FIRREA Title XI (Real Estate Appraisal Reform Amendments, 12 U.S.C.) § 3339 — Functions of Federal financial institutions regulatory agencies relating to appraisal standards — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 U.S.C. §3339(1)
(1) that real estate appraisals be performed in accordance with generally accepted appraisal standards as evidenced by the appraisal standards promulgated by the Appraisal Standards Board of the Appraisal Foundation;
12 U.S.C. §3339(2)
(2) that such appraisals shall be written appraisals; and
12 U.S.C. §3339(3)
(3) that such appraisals shall be subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice. Each such agency or instrumentality may require compliance with additional standards if it makes a determination in writing that such additional standards are required in order to properly carry out its statutory responsibilities.
12 U.S.C. §3339 note — source credit and editorial notes (not statute text)
(Pub. L. 101–73, title XI, § 1110, Aug. 9, 1989, 103 Stat. 514; Pub. L. 111–203, title XIV, § 1473(e)(1), July 21, 2010, 124 Stat. 2191.) Editorial Notes Amendments 2010—Pub. L. 111–203 added par. (3). Statutory Notes and Related Subsidiaries Effective Date of 2010 Amendment Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
Get this regulation in your AI window
Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.
Add to Claude shows the one-time setup: paste one address, no account with us. Add to ChatGPT adds the free C4C app from ChatGPT’s app directory. Either way it’s free.
Get notified if this rule changes
One email when FIRREA Title XI (Real Estate Appraisal Reform Amendments, 12 U.S.C.) § 3339 — Functions of Federal financial institutions regulatory agencies relating to appraisal standards changes: what changed, the new verbatim text, and the effective date. Nothing else.
Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.
Source of record: https://claudeforcompliance.com/regs/firrea-12usc-3339/
· register firrea-12usc-3339 · verbatim, source-snapshotted regulator text from the
Claude for Compliance corpus. To work from every register at once, download the corpus
and follow the methodology.