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Federal Reserve Bank
of

Dallas

R OB E RT D. McTEER, JR.
DALLAS, TE X A S

PR ES ID EN T

75265-5906

A N D C H IE F E X E C U T I V E O F F I C E R

July 22, 1998
Notice 98-62

TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District

SUBJECT
National Registry of State Certified
or Licensed Appraisers
DETAILS
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination
Council (FFIEC) has announced an Internet-based service entitled National Registry o f State
Certified or Licensed Appraisers (Registry). The Registry provides an up-to-date listing of statecertified or licensed real estate appraisers eligible to perform real estate appraisals for federally
related transactions. The Internet address for the ASC’s Web site is <http://www.asc.gov>.
ATTACHMENT
A copy of the FFIEC’s advisory letter is attached.
MORE INFORMATION
For more information regarding the Web site or the Registry, please contact Ben
Henson, the ASC’s executive director, at (202) 634-6520, or via E-mail at <benhl@asc.gov>.
For additional copies of this Bank’s notice, contact the Public Affairs Department at (214)
922-5254.
Sincerely yours,

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

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Appraisal Subcommittee
Federal Financial Institutions Examination Council

June 16, 1998

PURPOSE
The purpose of this advisory letter is to inform you of an Internet-based service entitled, the
National Registry of State Certified or Licensed Appraisers (“Registry”). The Registry provides
an up-to-date listing of State-certified or licensed real estate appraisers eligible to perform real
estate appraisals for federally related transactions. The Registry will be updated at least monthly,
based on information provided by each State and Territory. The Registry is maintained by the
Federal Financial Institutions Examination Council’s (“FFIEC”) Appraisal Subcommittee
(“ASC”).

BACKGROUND
Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as
amended, and each of the Federal financial institutions regulatory agencies’ regulations require
the use of State-certified or licensed real estate appraisers for federally related transactions. To
be legally eligible to perform appraisals for federally related transactions, State-certified or
licensed appraisers must be listed on the Registry. The ASC, among other things, oversees State
appraiser certification and licensing programs. The ASC now has an Internet Web site on the
World Wide Web that contains important information and services for your use, including an on­
line Registry. The Internet address for the Web site is http://www.asc.gov.
Using the on-line Registry will enable you to obtain appraiser-related information almost
immediately. You will be able to determine whether an appraiser is listed on the ASC’s Registry
and, therefore, is eligible to perform appraisals in connection with federally related financial
transactions. You also will be able to determine, among other things, in which States(s) an
appraiser is certified or licensed, types of credentials held, certification/license issuance and
expiration dates, address and telephone information, and whether the appraiser’s certificate or
license has been revoked, surrendered in lieu of disciplinary action, or is currently suspended.
The Registry is searchable on almost every Registry data element.
The on-line Registry also has a “listserv” feature. This feature provides an automated, daily, e­
mail notification to you, as a subscriber, whenever an appraiser’s certification or license is
revoked, suspended, voluntarily surrendered in lieu of discipline and when an appraiser’s
certification or license on the Registry has expired. This service is free and can be obtained by
subscribing.
If you would like more information about the ASC’s Web site or the Registry, contact Ben
Henson, the ASC’s executive director, at (202) 634-6520, or via Internet e-mail at
benhl @asc.gov.

2 100 Pennsylvania Avenue, NW

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Suite 200

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Washington, DC 20037

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(2 0 2 )6 3 4 -6 5 2 0

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Fax (202) 634-6555


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102