12 U.S.C. § 3331
Purpose
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.
Notes of Decisions
Cited in 13
cases (1 in the last 5 years), 1994–2022 · leading case: People v. First Am. Corp., 960 N.E.2d 927 (NY 2011).
People v. First Am. Corp., 960 N.E.2d 927 (NY 2011). “[by] establish[ing] a system of uniform national real estate appraisal standards" (HR Rep 101-54[I], 101st Cong, 1st Sess, at 311, reprinted in 1989 US Code Cong & Admin News, at 107; see also 12 USC § 3331 ["real estate appraisals utilized in connection with federally related…”
Teter v. Old Colony Co., 441 S.E.2d 728 (W. Va. 1994). “See generally 12 U.S.C.A. § 3331 , et seq. (1989). 19 Prior to the passage *724 of our Act, we had no specific statute that licensed real estate appraisers.”
Reale v. Bd. of Real Est. Appraisers, 880 P.2d 1205 (Colo. 1994). “" 12 U.S.C. § 3331 (1994 Supp.). County assessors are not involved in "federally related transactions.”
Hice v. Lott, 223 P.3d 139 (Colo. Ct. App. 2009). “" 12 U.S.C. § 3331 . In 1990, our legislature expressly responded to the federal law by enacting a state legislative scheme governing real estate appraisers.”
Groten v. California, 251 F.3d 844 (9th Cir. 2001). “12 U.S.C. § 3331 . . See, e.g., Wright, 479 U.”
State Ex Rel. York v. West Virginia Real Est. Appraiser Licensing & Certification Bd., 760 S.E.2d 856 (W. Va. 2014). “2 The Board itself is subject to oversight by the Federal Financial Institutions Examination Council (“Federal Council”) pursuant to 12 U.S.C. § 3331 , et seq. In view of this Rule, the Board’s oral argument was limited by this Court to an explanation of why it did not file a…”
Bolden v. KB HOME, 618 F. Supp. 2d 1196 (C.D. Cal. 2008). “12 U.S.C. § 3331 . The FIRREA authorized federal financial institution regulatory agencies — the Office of the Comptroller of Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift…”
City & Cnty. of Denver v. Bd. of Assessment Appeals, 947 P.2d 1373 (Colo. 1997). “See 12 U.S.C. §§ 3331 to 3351 (1994). The Colorado General Assembly then enacted the statute before us to conform with FIRREA.”
Roggio v. Fed. Deposit Ins. Corp., 313 F. Supp. 3d 129 (D.C. Cir. 2018). “Specifically, Roggio argues that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"), 12 U.S.C. § 3331 et seq. , strips courts of jurisdiction over claims that have not gone through the FDIC's claims process.”
People ex rel. Cuomo v. First Am. Corp., 24 Misc. 3d 672 (N.Y. Sup. Ct. 2009). “Moreover, FIRREA sets forth requirements for using state certified and licensed appraisers in federally related transactions, 3 and permits the establishment of state agencies devoted to certifying and licensing appraisers ( 12 USC §§ 3331 , 3336; 12 CFR 34.44, 546.”
People v. First Am. Corp., 76 A.D.2d 68 (N.Y. App. Div. 2010). “Further, 12 USC § 3331 , which was enacted as part of FIRREA, states that the general purpose of this statute 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…”
Roggio v. Fed. Deposit Ins. Corp. (D.D.C. 2018). “Specifically, Roggio argues that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), 12 U.S.C. § 3331 et seq., strips courts of jurisdiction over claims that have not gone through the FDIC’s claims process.”
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