ASC authority and functions.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Monitor the requirements established by the States 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; (2) Monitor the requirements of the Federal financial institutions regulatory agency and Resolution Trust Corporation with respect to appraisal standards for federally related transactions and determinations as to which federally related transactions require the services of a State certified appraiser and which require the services of a State licensed appraiser; (3) Monitor and review the practices, procedures, activities and organizational structure of the Appraisal Foundation; and (4) Maintain a national registry of State certified and licensed appraisers eligible to perform appraisals in federally related transactions.

official document · source cfr-2024 · id 12:§ 1102.302