Regulatory Programs: Opportunities to Enhance Oversight of the Real Estate Appraisal Industry

United States. General Accounting Office.

United States. General Accounting Office.

关键词: Government accountability -- United States.;    justice and law enforcement;    business regulation and consumer protection;    financial markets and institutions;    government operations;   

RP-ID  :  GAO-03-404
RP-ID  :  238203

美国|英语

来源: UNT Digital Library

【 摘 要 】

A letter report issued by the General Accounting Office with an abstract that begins "Since the passage of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, the appraisal and mortgage lending industry has changed dramatically. Some have concluded that the law is obsolete because the problems Title XI was intended to address--the risk to federal deposit insurance funds and the lack of uniform standards and qualifications--no longer exist. Others argue that the law's purpose and scope should be expanded. To help Congress better understand these issues, GAO looked at the roles of the private, state, and federal entities that oversee the appraisal industry, the challenges Title XI presented to these entities, and industry participants' concerns about the effectiveness of the Title XI regulatory structure."