Title 12, Banks and BankingRelease 119-102
§3346 Establishment of State Appraiser Certifying and Licensing Agencies
Title 12 › CHAPTER 34A — APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3346
Summary
A State can create an agency to license and certify appraisers so there are enough qualified appraisers and their work is properly supervised for appraisals tied to federal transactions. The agency can also register and oversee appraisal management companies and add their information to the national registry.
Full Legal Text
Title 12, §3346
Banks and Banking, Source: USLM XML via OLRC
To assure the availability of State certified and licensed appraisers for the performance in a State of appraisals in federally related transactions and to assure effective supervision of the activities of certified and licensed appraisers, a State may establish a State appraiser certifying and licensing agency. The duties of such agency may additionally include the registration and supervision of appraisal management companies and the addition of information about the appraisal management company to the national registry.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Pub. L. 111–203 inserted at end “The duties of such agency may additionally include the registration and supervision of appraisal management companies and the addition of information about the appraisal management company to the national registry.”
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 3346
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102