loading…

Transactions requiring services of State certified appraiser

5 rules

In determining whether an appraisal in connection with a federally related transaction shall be performed by a State certified appraiser, an agency or instrumentality under this chapter shall consider whether transactions, either individually or collectively, are of sufficient financial or public policy importance to the United States that an individual who performs an appraisal in connection with such transactions should be a State certified appraiser, except that—

(1) a State certified appraiser shall be required for all federally related transactions having a value of $1,000,000 or more; and

(2) 1-to-4 unit, single family residential appraisals may be performed by State licensed appraisers unless the size and complexity requires a State certified appraiser, where a complex 1-to-4 unit single family residential appraisal means an appraisal for which the property to be appraised, the form of ownership, the property characteristics, or the market conditions are atypical.

in view

Whole section

Encodings · 5

state_certified_appraiser_transaction_value_threshold12 USC § 3342 · parameter

12 USC 3342(1)

name: state_certified_appraiser_transaction_value_threshold
kind: parameter
dtype: Money
unit: USD
source: 12 USC 3342(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: value of $1,000,000 or more
versions:
  - effective_from: '0001-01-01'
    formula: '1000000'

open in graph ↗

appraisal_is_1_to_4_unit_single_family_residential12 USC § 3342 · derived

12 USC 3342(2)

name: appraisal_is_1_to_4_unit_single_family_residential
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: 1-to-4 unit, single family residential appraisals
versions:
  - effective_from: '0001-01-01'
    formula: appraisal_is_single_family_residential_1_to_4_unit

open in graph ↗

complex_1_to_4_unit_single_family_residential_appraisal12 USC § 3342 · derived

12 USC 3342(2)

name: complex_1_to_4_unit_single_family_residential_appraisal
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_1_to_4_unit_single_family_residential
      and (
        property_to_be_appraised_is_atypical
        or form_of_ownership_is_atypical
        or property_characteristics_are_atypical
        or market_conditions_are_atypical
      )

open in graph ↗

state_certified_appraiser_required12 USC § 3342 · derived

12 USC 3342(1)-(2)

name: state_certified_appraiser_required
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(1)-(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/12/3342
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: value of $1,000,000 or more
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_in_connection_with_federally_related_transaction
      and (
        federally_related_transaction_value >= state_certified_appraiser_transaction_value_threshold
        or complex_1_to_4_unit_single_family_residential_appraisal
      )

open in graph ↗

state_licensed_appraiser_may_perform12 USC § 3342 · derived

12 USC 3342(2)

name: state_licensed_appraiser_may_perform
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_in_connection_with_federally_related_transaction
      and appraisal_is_1_to_4_unit_single_family_residential
      and not complex_1_to_4_unit_single_family_residential_appraisal

open in graph ↗

▸rulespec code

Shown source

statutes/12/3342.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

state_certified_appraiser_transaction_value_threshold

Parameter

source: 12 USC 3342(1)

- name: state_certified_appraiser_transaction_value_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 3342(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: value of $1,000,000 or more
  versions:
    - effective_from: '0001-01-01'
      formula: '1000000'

appraisal_is_1_to_4_unit_single_family_residential

Derived

source: 12 USC 3342(2)

- name: appraisal_is_1_to_4_unit_single_family_residential
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: 1-to-4 unit, single family residential appraisals
  versions:
    - effective_from: '0001-01-01'
      formula: appraisal_is_single_family_residential_1_to_4_unit

complex_1_to_4_unit_single_family_residential_appraisal

Derived

source: 12 USC 3342(2)

- name: complex_1_to_4_unit_single_family_residential_appraisal
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_1_to_4_unit_single_family_residential
        and (
          property_to_be_appraised_is_atypical
          or form_of_ownership_is_atypical
          or property_characteristics_are_atypical
          or market_conditions_are_atypical
        )

state_certified_appraiser_required

Derived

source: 12 USC 3342(1)-(2)

- name: state_certified_appraiser_required
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(1)-(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/12/3342
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: value of $1,000,000 or more
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_in_connection_with_federally_related_transaction
        and (
          federally_related_transaction_value >= state_certified_appraiser_transaction_value_threshold
          or complex_1_to_4_unit_single_family_residential_appraisal
        )

state_licensed_appraiser_may_perform

Derived

source: 12 USC 3342(2)

- name: state_licensed_appraiser_may_perform
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_in_connection_with_federally_related_transaction
        and appraisal_is_1_to_4_unit_single_family_residential
        and not complex_1_to_4_unit_single_family_residential_appraisal

loading…

us/statute/12/3342 — Transactions requiring services of State certified appraiser · Axiom

Transactions requiring services of State certified appraiser

5 rules

Official source

graph ↗build calculator ↗

(1) a State certified appraiser shall be required for all federally related transactions having a value of $1,000,000 or more; and

in view

Whole section

Encodings · 5

state_certified_appraiser_transaction_value_threshold12 USC § 3342 · parameter

12 USC 3342(1)

name: state_certified_appraiser_transaction_value_threshold
kind: parameter
dtype: Money
unit: USD
source: 12 USC 3342(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: value of $1,000,000 or more
versions:
  - effective_from: '0001-01-01'
    formula: '1000000'

open in graph ↗

appraisal_is_1_to_4_unit_single_family_residential12 USC § 3342 · derived

12 USC 3342(2)

name: appraisal_is_1_to_4_unit_single_family_residential
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: 1-to-4 unit, single family residential appraisals
versions:
  - effective_from: '0001-01-01'
    formula: appraisal_is_single_family_residential_1_to_4_unit

open in graph ↗

complex_1_to_4_unit_single_family_residential_appraisal12 USC § 3342 · derived

12 USC 3342(2)

name: complex_1_to_4_unit_single_family_residential_appraisal
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_1_to_4_unit_single_family_residential
      and (
        property_to_be_appraised_is_atypical
        or form_of_ownership_is_atypical
        or property_characteristics_are_atypical
        or market_conditions_are_atypical
      )

open in graph ↗

state_certified_appraiser_required12 USC § 3342 · derived

12 USC 3342(1)-(2)

name: state_certified_appraiser_required
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(1)-(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/12/3342
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/12/3342
          excerpt: value of $1,000,000 or more
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_in_connection_with_federally_related_transaction
      and (
        federally_related_transaction_value >= state_certified_appraiser_transaction_value_threshold
        or complex_1_to_4_unit_single_family_residential_appraisal
      )

open in graph ↗

state_licensed_appraiser_may_perform12 USC § 3342 · derived

12 USC 3342(2)

name: state_licensed_appraiser_may_perform
kind: derived
entity: Appraisal
dtype: Judgment
period: Year
source: 12 USC 3342(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/12/3342
versions:
  - effective_from: '0001-01-01'
    formula: |-
      appraisal_is_in_connection_with_federally_related_transaction
      and appraisal_is_1_to_4_unit_single_family_residential
      and not complex_1_to_4_unit_single_family_residential_appraisal

open in graph ↗

▸rulespec code

Shown source

statutes/12/3342.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

state_certified_appraiser_transaction_value_threshold

Parameter

source: 12 USC 3342(1)

- name: state_certified_appraiser_transaction_value_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 3342(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: value of $1,000,000 or more
  versions:
    - effective_from: '0001-01-01'
      formula: '1000000'

appraisal_is_1_to_4_unit_single_family_residential

Derived

source: 12 USC 3342(2)

- name: appraisal_is_1_to_4_unit_single_family_residential
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: 1-to-4 unit, single family residential appraisals
  versions:
    - effective_from: '0001-01-01'
      formula: appraisal_is_single_family_residential_1_to_4_unit

complex_1_to_4_unit_single_family_residential_appraisal

Derived

source: 12 USC 3342(2)

- name: complex_1_to_4_unit_single_family_residential_appraisal
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_1_to_4_unit_single_family_residential
        and (
          property_to_be_appraised_is_atypical
          or form_of_ownership_is_atypical
          or property_characteristics_are_atypical
          or market_conditions_are_atypical
        )

state_certified_appraiser_required

Derived

source: 12 USC 3342(1)-(2)

- name: state_certified_appraiser_required
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(1)-(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/12/3342
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/3342
            excerpt: value of $1,000,000 or more
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_in_connection_with_federally_related_transaction
        and (
          federally_related_transaction_value >= state_certified_appraiser_transaction_value_threshold
          or complex_1_to_4_unit_single_family_residential_appraisal
        )

state_licensed_appraiser_may_perform

Derived

source: 12 USC 3342(2)

- name: state_licensed_appraiser_may_perform
  kind: derived
  entity: Appraisal
  dtype: Judgment
  period: Year
  source: 12 USC 3342(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/12/3342
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        appraisal_is_in_connection_with_federally_related_transaction
        and appraisal_is_1_to_4_unit_single_family_residential
        and not complex_1_to_4_unit_single_family_residential_appraisal