---
kind: "section"
citation: "12 U.S.C. § 3347"
title: "12"
title_heading: "Banks and Banking"
number: "3347"
heading: "Monitoring of State appraiser certifying and licensing agencies"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/3347"
units:
  - "Chapter 34A — Appraisal Subcommittee of Federal Financial Institutions Examination Council"
---

# §3347. Monitoring of State appraiser certifying and licensing agencies

- (a) **In general—** The [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall monitor each [State appraiser certifying and licensing agency](/usc/12/3350.md?p=1) for the purposes of determining whether such agency—
  - (1) has policies, practices, funding, staffing, and procedures that are consistent with this chapter;
  - (2) processes complaints and completes investigations in a reasonable time period;
  - (3) appropriately disciplines sanctioned appraisers and [appraisal management companies](/usc/12/3350.md?p=11);
  - (4) maintains an effective regulatory program; and
  - (5) reports complaints and disciplinary actions on a timely basis to the national registries on appraisers and [appraisal management companies](/usc/12/3350.md?p=11) maintained by the [Appraisal Subcommittee](/usc/12/3350.md?p=2).

  The [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall have the authority to remove a [State](/usc/12/1707.md?p=d) licensed or certified appraiser or a registered [appraisal management company](/usc/12/3350.md?p=11) from a national registry on an interim basis, not to exceed 90 days, pending [State](/usc/12/1707.md?p=d) agency action on licensing, certification, registration, and disciplinary proceedings. The [Appraisal Subcommittee](/usc/12/3350.md?p=2) and all agencies, instrumentalities, and Federally recognized entities under this chapter shall not recognize appraiser certifications and licenses from [States](/usc/12/1707.md?p=d) whose appraisal policies, practices, funding, staffing, or procedures are found to be inconsistent with this chapter. The [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall have the authority to impose sanctions, as described in this section, against a [State](/usc/12/1707.md?p=d) agency that fails to have an effective appraiser regulatory program. In determining whether such a program is effective, the [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall include an analysis of the licensing and certification of appraisers, the registration of [appraisal management companies](/usc/12/3350.md?p=11), the issuance of temporary licenses and certifications for appraisers, the receiving and tracking of submitted complaints against appraisers and [appraisal management companies](/usc/12/3350.md?p=11), the investigation of complaints, and enforcement actions against appraisers and [appraisal management companies](/usc/12/3350.md?p=11). The [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall have the authority to impose interim actions and suspensions against a [State](/usc/12/1707.md?p=d) agency as an alternative to, or in advance of, the derecognition of a [State](/usc/12/1707.md?p=d) agency.

- (b) **Disapproval by Appraisal Subcommittee—** The Federal [financial institutions](/usc/12/3350.md?p=7),[^1] regulatory agencies, the Federal National [Mortgage](/usc/12/1707.md?p=a) Association, the Federal Home Loan [Mortgage](/usc/12/1707.md?p=a) Corporation, and the Resolution Trust Corporation shall accept certifications and licenses awarded by a [State](/usc/12/1707.md?p=d) appraiser certifying the licensing agency unless the [Appraisal Subcommittee](/usc/12/3350.md?p=2) issues a written finding that—
  - (1) the [State](/usc/12/1707.md?p=d) agency fails to recognize and enforce the standards, requirements, and procedures prescribed pursuant to this chapter;
  - (2) the [State](/usc/12/1707.md?p=d) agency is not granted authority or sufficient funding by the [State](/usc/12/1707.md?p=d) which is adequate to permit the agency to carry out its functions under this chapter; or
  - (3) decisions concerning appraisal standards, appraiser qualifications and supervision of appraiser practices are not made in a manner that carries out the purposes of this chapter.
- (c) **Rejection of State certifications and licenses—**
  - (1) **Opportunity to be heard or correct conditions—** Before refusing to recognize a [State](/usc/12/1707.md?p=d)’s appraiser certifications or licenses, the [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall provide that [State](/usc/12/1707.md?p=d)’s certifying and licensing agency a written notice of its intention not to recognize the [State](/usc/12/1707.md?p=d)’s certified or licensed appraisers and ample opportunity to provide rebuttal information or to correct the conditions causing the refusal.
  - (2) **Adoption of procedures—** The [Appraisal Subcommittee](/usc/12/3350.md?p=2) shall adopt written procedures for taking actions described in this section.
  - (3) **Judicial review—** A decision of the [subcommittee](/usc/12/3350.md?p=2) under this section shall be subject to judicial review.

## Footnotes

[^1]: So in original. The comma probably should not appear.

## Source credit

(Pub. L. 101–73, title XI, § 1118, Aug. 9, 1989, 103 Stat. 515; Pub. L. 111–203, title XIV, § 1473(k), July 21, 2010, 124 Stat. 2196.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in subsecs. (a) and (b), was in the original “this title”, meaning title XI of Pub. L. 101–73, which is classified principally to this chapter. For complete classification of title XI to the Code, see Tables.

### Amendments

2010—Subsec. (a). Pub. L. 111–203, § 1473(k)(1), amended subsec. (a) generally. Prior to amendment, text read as follows: “The Appraisal Subcommittee shall monitor State appraiser certifying and licensing agencies for the purpose of determining whether a State agency’s policies, practices, and procedures are consistent with this chapter. The Appraisal Subcommittee and all agencies, instrumentalities, and federally recognized entities under this chapter shall not recognize appraiser certifications and licenses from States whose appraisal policies, practices, or procedures are found to be inconsistent with this chapter.”

Subsec. (b)(2). Pub. L. 111–203, § 1473(k)(2), inserted “or sufficient funding” after “authority”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.