In the wake of the GAO study, stake holders, including several appraisal organizations, have submitted comments to Congress. A joint letter from American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, Appraisal Institute and National Association of Realtors writes: “With a patchwork of state laws and ineffective federal oversight allowing for only…
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Title XI FIRREA: Finding the Framer’s Intent Buying a Lake in Arizona According to Doug Barnard, Title XI and appraiser licensing were a direct result of the savings and loan bailout in the early 1980s that cost taxpayers over $3 billion. The Subcommittee of Government Operations, Commerce, Consumer and Monetary Affairs held hearings all across...…
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