Daily Rules, Proposed Rules, and Notices of the Federal Government
All public comments will be made available on the ASC's Web site at
On August 30, 2012, the ASC issued a proposal to revise the ASC Policy Statements. The proposed Policy Statements are intended to provide States with the necessary information to maintain their Programs in compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended (Title XI). Further, the proposed Policy Statements address the ASC's authority to evaluate a State Program for compliance with Title XI and to take sanctions against a State when its Program does not comply with Title XI. The proposal excludes provisions from the current Policy Statements that have become outdated or lack enforceability. Additionally, the proposal reflects consideration of recent amendments to the Uniform Standards of Professional Appraisal Practice (USPAP) and the AQB Real Property Appraiser Qualification Criteria. Proposed Policy Statements 1 thru 7 correspond with the seven categories evaluated during the ASC's Compliance
By the Appraisal Subcommittee.