#aae? ,,congress  #b;d ,session  ,h4 ,r4
 #fcdg  ,,an ,,act  ,to adju/ ! real    
e/ate appraisal ?re%olds "u ! #g7;a7    
program to br+ !m into l9e ) ! ?re%olds 
us$ by ! ,f$]al bank+ regulators1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! #g7;a7 ,real ,e/ate    
,appraisal ,h>monization ,act4  #b4     
,appraisal ?re%olds ,section #g7;a77#bi7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcf7;a77#bi77 is am5d$--  7#a7 by     
r$esignat+ subp>agraphs 7,a7 & 7,b7 z   
clauses 7i7 & 7ii71 respectively1 &     
adju/+ ! m>g9s ( su* clauses accord+ly2 
7#b7 by /rik+ ,) respect to & ins]t+ !  
foll[+3  7,a7 ,9 g5]al ,) respect to  2 
7#c7 9 clause 7i71 z s r$esignat$1 by   
/rik+ = m ?an #bej1jjj & ins]t+ 1 if su*
 loan is 9 an am\nt great] ?an ! ,f$]al 
bank+ regulator appraisal ?re%old2  7#d7
 9 clause 7ii71 z s r$esignat$1 by /rik+
 = #bej1jjj or less & ins]t+ 1 if su*   
loan is 9 an am\nt equal to or less ?an 
! ,f$]al bank+ regulator appraisal      
?re%old2 &  7#e7 by add+ at ! end !     

foll[+3  7,b7 ,f$]al bank+ regulator    
appraisal ?re%old def9$ ,= purposes (   
?is p>agraph1 ! t]m ,f$]al bank+        
regulator appraisal ?re%old means !     
less] ( ! ?re%old am\nts set by ! ,bo>d 
( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !
 ,comptroll] ( ! ,curr5cy1 & ! ,f$]al   
,deposit ,insurance ,corporation = :5 a 
f$]ally relat$ transaction t is a       
comm]cial real e/ate transaction        
requires an appraisal prep>$ by a ,/ate 
lic5s$ or c]tifi$ apprais]4  4  ,pass$ !
 ,h\se ( ,repres5tatives ,septemb] #be1 
#bjah4;,cl]k4