12 U.S.C. § 3331 — Purpose
submitted 37 years ago by Pub. L. 101-73 to r/title-12-BANKS-AND-BANKING · 62 words · no verdicts yet
This section covers Purpose. It sets out the rules, duties, limits, and procedures stated in the section.
The purpose of this chapter 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, under uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.
The purpose of this chapter 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.
Source credit: (Pub. L. 101–73, title XI, § 1101, Aug. 9, 1989, 103 Stat. 511.)
- 1989Enacted · Pub. L. 101-73 · 103 Stat. 511
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-73 on 1989-08-09.
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