Title 12 — Banks and BankingRelease 119-73
§3331 Purpose
Title 12 › Chapter CHAPTER 34A— - APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3331
Summary
Require appraisals used in federal real estate deals to be written, follow uniform standards, be done by qualified people, and supervised.
Full Legal Text
Title 12, §3331
Banks and Banking — Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3331
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73