Pub. L. 101-73, tit. XI, sec. 1101 (as amended)
PURPOSE.
SEC. 1101. [12 U.S.C. 3331] PURPOSE.
The purpose of this title is to provide that Federal financial and public policy interests in real estate related transactions will be protected by requiring that real estate appraisals utilized in connection with federally related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.[Section 1102 amended the Federal Financial Institutions Examination Council Act of 1978.]
- Cross-references to the US Code
- 12 U.S.C. 3331