12 U.S. Code § 3349 - Violations in obtaining and performing appraisals in federally related transactions
Violations in obtaining and performing appraisals in federally related transactions
(a) ViolationsExcept as authorized by the Appraisal Subcommittee in exercising its waiver authority pursuant to section 3348(b) of this title, it shall be a violation of this section—
for the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Resolution Trust Corporation to knowingly contract for the performance of any appraisal by a person who is not a State certified or licensed appraiser in connection with a real estate related financial transaction defined in section 3350(5) of this title to which such association or corporation is a party.
LII has no control over and does not endorse any external Internet site that contains links to or references LII.