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Title 12, Banks and BankingRelease 119-110

§3345 Certification and Licensing Requirements

Title 12 › CHAPTER 34A — APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3345

Last updated Sep 22, 2026|Official source

Summary

Only people who meet a State or territory’s appraiser certification rules that match the minimum standards set by the Appraiser Qualification Board of the Appraisal Foundation can be called a State certified real estate appraiser. They must pass a State exam that is consistent with and equal to the Uniform State Certification Examination issued or endorsed by the Appraiser Qualification Board of the Appraisal Foundation. A State licensed appraiser is someone who meets a State or territory’s licensing rules that meet or exceed the minimum standards set by the Appraisal Qualifications Board of The Appraisal Foundation. Federal agencies can require extra qualifications if needed to do their jobs. Any rules for "Trainee Appraiser" and "Supervisory Appraiser" must meet or be stronger than the Appraisal Qualifications Board’s minimums, and the Appraisal Subcommittee can enforce those rules.

Full Legal Text

Title 12, §3345

Banks and Banking, Source: USLM XML via OLRC

(a)In general
For purposes of this chapter, the term “State certified real estate appraiser” means any individual who has satisfied the requirements for State certification in a State or territory whose criteria for certification as a real estate appraiser currently meets the minimum criteria for certification issued by the Appraiser Qualification Board of the Appraisal Foundation.
(b)Restriction
No individual shall be a State certified real estate appraiser under this section unless such individual has achieved a passing grade upon a suitable examination administered by a State or territory that is consistent with and equivalent to the Uniform State Certification Examination issued or endorsed by the Appraiser Qualification Board of the Appraisal Foundation.
(c)“State licensed appraiser” defined
As used in this section, the term “State licensed appraiser” means an individual who has satisfied the requirements for State licensing in a State or territory whose criteria for the licensing of a real estate appraiser currently meet or exceed the minimum criteria issued by the Appraisal Qualifications Board of The Appraisal Foundation for the licensing of real estate appraisers.
(d)Additional qualification criteria
Nothing in this chapter shall be construed to prevent any Federal agency or instrumentality under this chapter from establishing such additional qualification criteria as may be necessary or appropriate to carry out the statutory responsibilities of such department, agency, or instrumentality.
(e)Minimum qualification requirements
Any requirements established for individuals in the position of “Trainee Appraiser” and “Supervisory Appraiser” shall meet or exceed the minimum qualification requirements of the Appraiser Qualifications Board of The Appraisal Foundation. The Appraisal Subcommittee shall have the authority to enforce these requirements.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2010—Subsec. (c). Pub. L. 111–203, § 1473(j)(1), inserted “whose criteria for the licensing of a real estate appraiser currently meet or exceed the minimum criteria issued by the Appraisal Qualifications Board of The Appraisal Foundation for the licensing of real estate appraisers” before the period at end. Subsec. (e). Pub. L. 111–203, § 1473(j)(2), added subsec. (e) and struck out former subsec. (e). Prior to amendment, text read as follows: “The Appraisal Subcommittee shall not set qualifications or experience requirements for the States in licensing real estate appraisers, including a de minimus standard. Recommendations of the Subcommittee shall be nonbinding on the States.” 1992—Subsec. (e). Pub. L. 102–550, § 1617(a), repealed Pub. L. 102–233, § 701(a). See 1991 Amendment note below. 1991—Subsec. (e). Pub. L. 102–242 added subsec. (e) prohibiting Appraisal Subcommittee from setting qualifications or experience requirements, including a de minimis standard. Pub. L. 102–233, § 701(a), which added subsec. (e) prohibiting Appraisal Subcommittee from setting qualifications or experience requirements, was repealed by Pub. L. 102–550, § 1617(a). See

Construction

of 1991 Amendment note below.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment 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.

Construction

of 1991 Amendment Pub. L. 102–550, title XVI, § 1617(b), Oct. 28, 1992, 106 Stat. 4096, provided that: “No

Amendments

made by title VII of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 [amending this section and section 3348 of this title] shall be deemed to have taken effect before the date of the enactment of this Act [Oct. 28, 1992] and the provisions of law amended by title VII shall continue in effect as if no such

Amendments

had been made by such title.”

Reference

Citations & Metadata

Citation

12 U.S.C. § 3345

Title 12, Banks and Banking

Last Updated

Sep 22, 2026

Release point: 119-110