Petition requesting the ASC initiate a temporary waiver proceeding.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) Information (statistical or otherwise verifiable) to support the existence of a scarcity of certified or licensed appraisers leading to significant delays in the performance of appraisals for FRTs or a specified class of FRTs for either a portion of, or the entire State; and (ii) The extent of the delays anticipated or experienced in the performance of appraisals by certified or licensed appraisers (including supporting documentation, statistical or otherwise verifiable). (2) A Petition may also include meaningful suggestions and recommendations for remedying the situation. (c) (d) (e) (f) (1) Refer a Petition to the State Appraisal Agency where temporary waiver relief is sought for further evaluation and study, to include items that would be addressed in a Request for Temporary Waiver ( (2) Take further action without referring the Petition to the State Appraisal Agency. (g) (i) Issue a written determination that there is a scarcity of certified or licensed appraisers leading to significant delays in the performance of appraisals for FRTs or a class of FRTs within either a portion of, or the entire State (or request that the ASC issue such a written determination), in which case, the procedures and requirements of §§ 1102.3 and 1102.6(a) shall apply; or (ii) Recommend that the ASC take no further action. (2) In the event the State Appraisal Agency either recommends no further action or declines to conduct further evaluation and study on a Petition, the ASC may ex

official document · source cfr-2024 · id 12:§ 1102.4