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§ 3331. Purpose

Type Statute
Publication 2025-12-03
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 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.

(Pub. L. 101–73, title XI, § 1101, Aug. 9, 1989, 103 Stat. 511.)

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