ABA Hosts Meeting on Appraiser Issues

ABA today hosted a meeting with congressional staffers and representatives from various appraisal industry groups to discuss appraiser shortage issues in rural areas and how regulations are affecting the industry.

Among other topics, attendees discussed strategies for recruiting, training and retaining appraisers in rural and underserved markets, rural property valuation concerns and the implications of various regulatory actions including the Economic Growth Reduction and Paperwork Reduction Act process, the definition of “federally related transaction,” and de minimis rules.