Appraiser Qualifications for Placement on FHA Single Family Appraiser Roster

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[Federal Register: May 16, 2003 (Volume 68, Number 95)]
[Rules and Regulations]
[Page 26945-26950]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16my03-18]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
24 CFR Part 200
[Docket No. FR-4620-F-02]
RIN 2502-AH59

Appraiser Qualifications for Placement on FHA Single Family
Appraiser Roster

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Final rule.

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SUMMARY: This final rule makes several changes designed to strengthen
the licensing and certification requirements for placement on the
Federal Housing Administration (FHA) Appraiser Roster (Appraiser Roster
or FHA Appraiser Roster). First, the final rule requires that
appraisers on the Appraiser Roster must have credentials that are based
on the minimum licensing/certification standards issued by the
Appraiser Qualifications Board of the Appraisal Foundation. The final
rule also clarifies that an appraiser may be removed from the Appraiser
Roster if the appraiser loses his or her license or certification in
any state due to disciplinary action, even if the appraiser continues
to be licensed or certified in another state. Further, the final rule
provides that an appraiser whose license or certification in any state
has been revoked, suspended, or surrendered as a result of a state
disciplinary action will be automatically suspended from the Appraiser
Roster until HUD receives evidence demonstrating that the state imposed
sanction has been lifted. An appraiser whose licensing or certification
in a state has expired is automatically suspended from the Appraiser
Roster in that state and may not conduct FHA appraisals in that state
until HUD receives evidence that demonstrates renewal, but may continue
to perform FHA appraisals in other states in which the appraiser is
licensed or certified. This final rule follows publication of a
November 30, 2001, proposed rule and takes into consideration the
public comments received on the proposed rule.

DATES: Effective Date: With the exception of Sec. 200.202(b)(1) and
(c), this final rule is effective on June 16, 2003. HUD will publish a
notice in the Federal Register announcing the effective date of Sec.
200.202(b)(1) and (c).

FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director, Office of
Single Family Program Development, Room 9266, Department of Housing and
Urban Development, 451 Seventh Street, SW., Washington, DC 20410-8000;
telephone (202) 708-2121 (this is not a toll-free number). Hearing- or
speech-impaired individuals may access this number via TTY by calling
the toll-free Federal Information Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION:

I. Background

On November 30, 2001 (66 FR 60128), HUD published a proposed rule
designed to strengthen the licensing and certification requirements for
placement on the Appraiser Roster. The Appraiser Roster lists those
appraisers who are eligible to perform FHA single family appraisals.
HUD maintains the Appraiser Roster to provide a means by which HUD can
ensure the competency of appraisers performing FHA appraisals. The
Appraiser Roster regulations are located in 24 CFR part 200, subpart G
(consisting of Sec. Sec. 200.200-200.206).
Under the November 30, 2001, proposed rule, appraisers on the
Appraiser Roster would be required to have credentials based on the
minimum licensing/certification standards issued by the Appraiser
Qualifications Board (AQB) of the Appraisal Foundation. Further, an
appraiser would be subject to removal from the Appraiser Roster if the
appraiser loses his or her license or certification in any state due to
disciplinary action, even if the appraiser continues to be licensed or
certified in another state. The proposed rule also provides that an
appraiser who is licensed or certified in a single state and whose
state license or certification has expired, or has been revoked,
suspended, or surrendered as a result of a state disciplinary action
would be automatically suspended from the Appraiser Roster and
prohibited from conducting FHA appraisals until HUD receives evidence
demonstrating license or certification renewal or that the state-
imposed sanction has been lifted.
The preamble to the November 30, 2001, proposed rule provides
additional details regarding the proposed amendments to the FHA
Appraiser Roster licensing and certification requirements.

II. This Final Rule

This final rule follows publication of the November 30, 2001,
proposed rule and takes into consideration the public comments received
on the proposed rule. The most significant differences between this
final rule and the November 30, 2001, proposed rule are as follows:
1. Twelve-month phase-in of AQB requirements for appraisers listed
on the Appraiser Roster. The final rule provides that an appraiser who
is included on the Appraiser Roster on the effective date of this rule,
but who does not meet the minimum AQB licensing/certification criteria
in effect on that date, has until 12 months following the effective
date of the final rule to fully comply with the AQB criteria and submit
evidence of such compliance to HUD. Failure to submit such evidence to
HUD by the deadline date constitutes cause for removal from the
Appraiser Roster. The phase-in period does not restrict HUD's ability
to remove an unsatisfactory appraiser from the Appraiser Roster for any
other cause identified in Sec. 200.204.
2. Automatic suspension of appraisers licensed or certified in
multiple states. The final rule provides that an appraiser whose
license or certification in any state has been revoked, suspended, or
surrendered as a result of a state disciplinary action will be
automatically suspended from the Appraiser Roster until HUD receives
evidence demonstrating that the state-imposed sanction has been lifted.
The proposed rule would have limited automatic suspension to appraisers
licensed or certified in a single state.
3. Clarification of scope of automatic suspensions not due to state
disciplinary action. The final rule clarifies that an appraiser whose
licensing or certification in a state has expired is automatically
suspended from the Appraiser Roster in that state and may not conduct
FHA appraisals in that state until HUD receives evidence that
demonstrates renewal. The appraiser may continue to perform FHA
appraisals in other states in which the appraiser is licensed or
certified.

III. Discussion of the Public Comments Received on the November 30,
2001, Proposed Rule

The public comment period on the proposed rule closed on January
29, 2002. HUD received fourteen public comments on the proposed rule.
Comments were received from the Appraisal Foundation; realtors;
appraisers; state real estate appraiser boards; and national
organizations representing banking institutions, appraisers, realtors,
and state appraiser regulatory agencies. This section of the preamble
presents a summary of the significant issues raised by the public
commenters, and HUD's responses to the comments.

A. Comments Regarding AQB Criteria

Comment: How will HUD determine whether state requirements conform
to AQB criteria? Several commenters asked

[[Page 26947]]

how HUD would determine whether state licensing/certification
requirements comply with AQB criteria, since both the state
requirements and the AQB standards are subject to periodic change.
Accordingly, states that comply with the current AQB criteria may later
fall out of compliance due to changes adopted by the AQB or the state
legislature. To address these concerns, one of the commenters suggested
that an appraiser be eligible for inclusion on the Appraiser Roster if
the state requirements conformed to the AQB criteria in effect at the
time the appraiser obtained the license or certification. Two other
commenters recommended that the final rule focus on whether individual
appraisers comply with the AQB criteria, rather than on whether state
requirements are in compliance with these standards.
HUD response. HUD will periodically monitor the compliance of the
states with the minimum AQB requirements to ensure that all appraisers
included on the Appraiser Roster meet these standards.
Comment: How will HUD treat appraisers who received their AQB
license or certification through ``grandfathering?'' Several commenters
questioned the impact of the proposed rule on ``grandfathered''
appraisers who received their licensing or certification prior to the
state's adoption of AQB criteria. Two of the commenters recommended
that HUD immediately remove such appraisers from the Appraiser Roster
and require them to re-apply and demonstrate compliance with the AQB
requirements. However, other commenters cautioned against such
removals. One of these commenters suggested that ``grandfathered''
appraisers should instead be allowed to remain on the Appraiser Roster
if they can provide a letter from the state appraiser licensing agency
attesting that the appraiser satisfies the AQB criteria.
HUD Response. The final rule provides that appraisers, including
the ``grandfathered'' appraisers mentioned by the commenters, who are
included on the Appraiser Roster on the effective date of this rule,
but who do not meet the minimum AQB licensing/certification criteria in
effect on that date, have 12 months following the effective date of the
final rule to fully comply with the AQB criteria and submit evidence of
such compliance to HUD. Failure to submit such evidence to HUD by the
deadline date constitutes cause for removal from the Appraiser Roster.
The phase-in period does not restrict HUD's ability to remove
unsatisfactory appraisers from the Appraiser Roster for any other cause
identified in Sec. 200.204.
Comment: Will HUD remove appraisers licensed or certified in states
that do not currently meet the AQB criteria? One commenter posed this
question.
HUD Response. As noted in the response to the preceding comment,
HUD will allow such an appraiser to remain on the Appraiser Roster for
12 months following the effective date of the final rule, at which time
the appraiser must be in full compliance with the AQB criteria.
Comments: AQB requirements should be ``phased-in.'' One commenter
wrote that the proposed AQB requirements should be ``phased-in'' to
provide appraisers with sufficient time to satisfy these criteria.
HUD Response. HUD agrees with the commenter. As noted, an appraiser
currently included on the Appraiser Roster, but who does not meet the
minimum AQB licensing/certification criteria in effect on that date,
has 12 months following the effective date of the final rule to fully
comply with the AQB criteria and submit evidence of such compliance to
HUD. Failure of the appraiser to submit such evidence to HUD by the
deadline date constitutes cause for removal from the Appraiser Roster.
The phase-in period does not restrict HUD's ability to remove an
unsatisfactory appraiser from the Appraiser Roster for any other cause
identified in Sec. 200.204.
Comment: HUD should identify those states whose licensing and
certification requirements do not meet AQB criteria. One commenter made
this suggestion.
HUD Response. The Appraisal Subcommittee is the official authority
for determining and identifying each state's compliance with the AQB
criteria.
Comment: HUD's use of the phrase ``professional credentials'' may
be inappropriate. One commenter wrote that the proposed rule's use of
the phrase ``professional credentials'' when referring to the AQB
criteria is inappropriate. According to the commenter, the term
``professional credentials'' is commonly understood by appraisers to
refer to designations earned within professional membership
organizations. The commenter wrote that reference in the proposed rule
to this phrase is misapplied if used to apply to the gap between a
state's licensing and certification criteria and the minimum AQB
criteria. The commenter recommended that HUD create a more appropriate
phrase to identify this concept.
HUD Response. HUD has revised the proposed rule to be more
sensitive to the issues raised by the commenter. The final rule refers
to ``credentials,'' rather than ``professional credentials.''

B. Other Comments Regarding Qualifications for Placement on the
Appraiser Roster

Comment: Appraisers should be required to have at least two years
experience as licensed or certified appraisers for placement on the
Appraiser Roster. One commenter made this suggestion. According to the
commenter, FHA appraisals are often more complicated than those for
conventional mortgage loans, and thus require additional experience.
The commenter wrote that in comparison to conventional appraisals, FHA
appraisals require a higher degree of skill and more knowledge of
construction, depreciation, cost estimating for repairs, and estimating
the useful and remaining life of residential improvements and
equipment.
HUD Response. At this time, HUD does not plan additional changes to
the experience requirements for placement on the Appraiser Roster.
Rather, HUD will rely on the AQB experience criteria. HUD believes that
the AQB standard is sufficient to ensure that appraisers included on
the Appraiser Roster have the necessary experience to perform FHA
appraisals.
Comment: HUD should determine whether an appraiser has been subject
to state disciplinary action before approving the appraiser for
placement on the Appraiser Roster. Two commenters made this
recommendation. The commenters wrote that HUD might consider using the
National Registry of Appraisers maintained by the Appraisal
Subcommittee for this purpose. However, one of the commenters cautioned
that the National Registry may be inadequate and suggested that HUD
should consider establishing its own independent verification methods.
HUD Response. The change requested by the commenters is outside the
scope of the November 30, 2001, proposed rule and would require
additional notice and comment prior to implementation. At this time,
HUD does not plan additional changes to the requirements for placement
on the Appraiser Roster. HUD believes the current placement procedures
are adequate to ensure that appraisers included on the Appraiser Roster
are competent to perform FHA appraisals.

[[Page 26948]]

C. Comment Regarding Automatic Suspension From the Appraiser Roster

Comment: Appraisers who are licensed or certified in multiple
states should also be subject to automatic suspension. Under the
November 30, 2001, proposed rule, only those appraisers licensed or
certified in a single state would be subject to automatic suspension
from the Appraiser Roster due to state disciplinary action. Three
commenters recommended that the scope of automatic suspensions be
expanded to include appraisers licensed or certified in multiple
states. The commenters suggested that such appraisers should be
automatically suspended from the Appraiser Roster if they lose their
license or certification due to disciplinary action in any state.
HUD Response. HUD agrees with the commenters and has revised the
proposed rule accordingly.
Comment: HUD should clarify that voluntarily electing not to renew
a state license or certification does not constitute ``disciplinary
action'' for purposes of automatic suspension from the Appraiser
Roster. One commenter made this suggestion. The commenter wrote that
depending on state law, if an appraiser willingly allows his or her
license to expire, it might appear that the license expired due to
disciplinary action. The commenter suggested that the final rule
clarify that the voluntary expiration of a state appraisal license or
certification does not constitute a disciplinary action.
HUD Response. HUD has revised the regulatory text to be more
sensitive to the issue raised by the commenter. Specifically, the final
rule clarifies that an appraiser whose licensing or certification in a
state has expired is automatically suspended from the Appraiser Roster
in that state and may not conduct FHA appraisals in that state until
HUD receives evidence that demonstrates renewal. The appraiser may
continue to perform FHA appraisals in other states in which the
appraiser is licensed or certified.
Comment: HUD should report appraisers who have been removed from
the Appraiser Roster to the appropriate state appraisal licensing
authorities. Three commenters made this suggestion.
HUD Response. HUD will provide this information to states as
appropriate.
Comment: Appraisers should not be removed from Appraiser Roster
prior to state review of case. One commenter wrote that anytime HUD's
review process determines that an appraiser is performing unethical or
substandard work, the appraiser should be suspended from the Appraiser
Roster and referred by HUD to the appropriate state agency for
disciplinary action. The commenter wrote that an appraiser should not
be removed from the Appraiser Roster until the state agency has had the
opportunity to review the case and determine whether disciplinary
action is appropriate. According to the commenter, this method will
protect appraisers from the administrative burden of reapplying for
placement on the Appraiser Roster.
HUD Response. The suggestion made by the commenter is outside the
scope of the November 30, 2001, proposed rule. At this time, HUD does
not anticipate making any changes to the Appraiser Roster removal
procedures. HUD believes that the existing removal procedures are
sufficient to safeguard the interests of FHA homebuyers, HUD, and
appraisers included on the Appraiser Roster.

IV. Findings and Certifications

Regulatory Planning and Review

The Office of Management and Budget (OMB) reviewed this rule under
Executive Order 12866, Regulatory Planning and Review. OMB determined
that this proposed rule is a ``significant regulatory action'' as
defined in section 3(f) of the Order (although not an economically
significant regulatory action under the Order). Any changes made to
this rule as a result of that review are identified in the docket file,
which is available for public inspection in the office of the
Department's Rules Docket Clerk, Room 10276, 451 Seventh Street, SW,
Washington, DC 20410-0500.

Paperwork Reduction Act

The information collection requirements contained in this final
rule have been submitted to the Office of Management and Budget (OMB)
under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) and are
pending OMB approval. In accordance with the Paperwork Reduction Act,
HUD may not conduct or sponsor, and a person is not required to respond
to, a collection of information unless the collection displays a
currently valid OMB control number.
The burden of the information collections in this rule is estimated
as follows:

Reporting and Recordkeeping Burden
----------------------------------------------------------------------------------------------------------------
Estimated
Number of Number of responses per average time Estimated
Section reference parties respondent for requirement annual burden
(in hours) (in hours)
----------------------------------------------------------------------------------------------------------------
Sec. 200.202(b)(1) and (c) 1,800 1 x .33 .50 900
(submission of evidence of
compliance with AQB standards).
----------------------------------------------------------------------------------------------------------------

In accordance with 5 CFR 1320.8(d)(1), HUD is soliciting comments
from members of the public and affected agencies concerning this
collection of information to:
(1) Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
(2) Evaluate the accuracy of the agency's estimate of the burden of
the proposed collection of information;
(3) Enhance the quality, utility, and clarity of the information to
be collected; and
(4) Minimize the burden of the collection of information on those
who are to respond, including through the use of appropriate automated
collection techniques or other forms of information technology, e.g.,
permitting electronic submission of responses.
Interested persons are invited to submit comments regarding the
information collection requirements in this proposal. Comments must be
received within sixty (60) days from the date of this proposal.
Comments must refer to the final rule by name and docket number (FR-
4620) and must be sent to:

Lauren Wittenberg, HUD Desk Officer, Office of Management and Budget,
New Executive Office Building,

[[Page 26949]]

Washington, DC 20503-0001, Lauren_Wittenberg@omb.eop.gov and Gloria Diggs,
Reports Liaison Officer, Office of the Assistant Secretary for
Housing-Federal Housing Commissioner, Department of Housing and Urban
Development, 451 7th Street, SW, Room 9116, Washington, DC 20410-0001.

Environmental Impact

This final rule does not direct, provide for assistance or loan and
mortgage insurance for, or otherwise govern or regulate, real property
acquisition, disposition, leasing, rehabilitation, alteration,
demolition, or new construction or establish, revise, or provide for
standards for construction or construction materials, manufactured
housing, or occupancy. Accordingly, under 24 CFR 50.19(c)(1), this
final rule is categorically excluded from environmental review under
the National Environmental Policy Act of 1969 (42 U.S.C. 4332 et seq.).

Regulatory Flexibility Act

The Secretary has reviewed this final rule before publication, and
by approving it certifies, in accordance with the Regulatory
Flexibility Act (5 U.S.C. 605(b)), that this final rule will not have a
significant economic impact on a substantial number of small entities.
The reasons for HUD's determination are as follows.
The final rule requires that appraisers on the Appraiser Roster
have credentials that are based on the minimum licensing/certification
standards issued by the AQB of the Appraisal Foundation. An analysis of
the FHA Appraiser Roster indicates that of the approximately 22,163
appraisers currently on the Appraiser Roster, only approximately 330 do
not have licensing in conformance with the standards issued by the AQB.
In most instances, these appraisers already have some of the hours of
education or experience required to meet the AQB criteria, thus further
minimizing the impacts of the final rule. For example, most appraisers
on the Appraiser Roster have been listed for some time, and thus few of
these appraisers will have difficulty providing evidence to their state
board demonstrating acceptable experience levels. With regard to the
education requirements, the AQB standards only require 90 hours of
education for Licensed Real Property Appraiser and 120 hours of
education for Certified Residential Real Property Appraiser
certification. Given the few number of appraisers currently on the
Appraiser Roster who do not have a state designation based on AQB
criteria and the relatively little time and expense that would be
required for most of these appraisers to meet AQB criteria, HUD has
determined that the final rule will not have a significant economic
impact on small entities.
In addition to the new AQB standards, the final rule also clarifies
that an appraiser may be removed from the Appraiser Roster if the
appraiser loses his or her license or certification in any state due to
disciplinary action, even if the appraiser continues to be licensed or
certified in another state. The final rule also provides that an
appraiser whose state license or certification in any state has been
revoked, suspended, or surrendered as a result of a state disciplinary
action, will be automatically suspended from the Appraiser Roster and
prohibited from conducting FHA appraisals until HUD receives evidence
demonstrating that the state imposed sanction has been lifted. An
appraiser whose licensing or certification in a state has expired is
automatically suspended from the Appraiser Roster in that state and may
not conduct FHA appraisals in that state until HUD receives evidence
that demonstrates renewal. An appraiser whose licensing or
certification in a state has expired is automatically suspended from
the Appraiser Roster in that state and may not conduct FHA appraisals
in that state until HUD receives evidence that demonstrates renewal,
but may continue to perform FHA appraisals in other states in which the
appraiser is licensed or certified. To the extent that these changes
have an impact on small entities it will be as a result of actions
taken by the appraisers themselves (i.e., violation of applicable
standards resulting in disciplinary action or otherwise failing to
maintain their professional state licensing or certification).

Executive Order 13132, Federalism

Executive Order 13132 (entitled ``Federalism'') prohibits an agency
from publishing any rule that has federalism implications if the rule
either imposes substantial direct compliance costs on state and local
governments and is not required by statute, or the rule preempts state
law, unless the agency meets the consultation and funding requirements
of section 6 of the Executive Order. This final rule will not have
federalism implications and will not impose substantial direct
compliance costs on state and local governments or preempt state law
within the meaning of the Executive Order.

Unfunded Mandates Reform Act

Title II of the Unfunded Mandates Reform Act of 1995 (2 U.S.C.
1531-1538) establishes requirements for federal agencies to assess the
effects of their regulatory actions on state, local, and tribal
governments, and on the private sector. This final rule will not impose
any federal mandates on any state, local, or tribal governments, or on
the private sector, within the meaning of the Unfunded Mandates Reform
Act of 1995.

List of Subjects in 24 CFR Part 200

Administrative practice and procedure, Claims, Equal employment
opportunity, Fair housing, Home improvement, Housing standards,
Incorporation by reference, Lead poisoning, Loan programs--housing and
community development, Minimum property standards, Mortgage insurance,
Organization and functions (Government agencies), Penalties, Reporting
and recordkeeping requirements, Social security, Unemployment
compensation, Wages.

? Accordingly, for the reasons discussed in the preamble, HUD amends 24
CFR part 200 as follows:

PART 200--INTRODUCTION TO FHA PROGRAMS

? 1. The authority citation for 24 CFR part 200 continues to read as
follows:

Authority: 12 U.S.C. 1701-1715z-18; 42 U.S.C. 3535(d).

Subpart G--Appraiser Roster

? 2. In Sec. 200.202 revise paragraph (b)(1) and add paragraph (c) to
read as follows:

Sec. 200.202 How do I apply for placement on the Appraiser Roster?

* * * * *
(b) * * *
(1) You must be a state-licensed or state-certified appraiser with
credentials based on the minimum licensing/certification criteria
issued by the Appraiser Qualifications Board (AQB) of the Appraisal
Foundation. For purposes of this section, an appraiser is not deemed to
have credentials based on AQB standards if the state licensing/
certification requirements did not conform to AQB criteria at the time
the appraiser obtained the license or certification. This is true even
if the state has subsequently adopted AQB criteria and has
``grandfathered'' previously licensed or certified appraisers.
* * * * *
(c) Delayed effective date of AQB requirements for appraisers
currently

[[Page 26950]]

listed on the Appraiser Roster. An appraiser who is included on the
Appraiser Roster on June 16, 2003, but does not meet the minimum AQB
licensing/certification criteria in effect on this date, has until 12
months following this date to comply with the AQB criteria and submit
evidence of compliance to HUD. Failure to submit such evidence to HUD
by the deadline date constitutes cause for removal under Sec. 200.204.

? 3. Amend Sec. 200.204 as follows:
? a. Revise paragraph (a)(1);
? b. Redesignate paragraphs (c) and (d) as paragraphs (d) and (e)
respectively; and,
? c. Add new paragraph (c):
The addition and revision read as follows:

Sec. 200.204 What actions may HUD take against unsatisfactory
appraisers on the Appraiser Roster?

* * * * *
(a) * * *
(1) Cause for removal. Cause for removal includes, but is not
limited to:
(i) Significant deficiencies in appraisals, including non-
compliance with Civil Rights requirements regarding appraisals;
(ii) Losing standing as a state-certified or state-licensed
appraiser due to disciplinary action in any state in which the
appraiser is certified or licensed;
(iii) Prosecution for committing, attempting to commit, or
conspiring to commit fraud, misrepresentation, or any other offense
that may reflect on the appraiser's character or integrity;
(iv) Failure to perform appraisal functions in accordance with
instructions and standards issued by HUD;
(v) Failure to comply with any agreement made between the appraiser
and HUD or with any certification made by the appraiser;
(vi) Being issued a final debarment, suspension, or limited denial
of participation;
(vii) Failure to maintain eligibility requirements for placement on
the Appraiser Roster as set forth under this subpart or any other
instructions or standards issued by HUD; or,
(viii) Failure to comply with HUD-imposed education requirements
under paragraph (d) of this section within the specified period for
complying with such education requirements.
* * * * *
(c) Automatic suspension from Appraiser Roster.--(1) Appraisers
subject to state disciplinary action. An appraiser whose state
licensing or certification in any state has been revoked, suspended, or
surrendered as a result of a state disciplinary action is automatically
suspended from the Appraiser Roster and prohibited from conducting FHA
appraisals in any state until HUD receives evidence demonstrating that
the state imposed sanction has been lifted.
(2) Expirations not due to state disciplinary action. An appraiser
whose licensing or certification in a state has expired is
automatically suspended from the Appraiser Roster in that state and may
not conduct FHA appraisals in that state until HUD receives evidence
that demonstrates renewal, but may continue to perform FHA appraisals
in other states in which the appraiser is licensed or certified.
* * * * *

Dated: May 9, 2003.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 03-12205 Filed 5-15-03; 8:45 am]
BILLING CODE 4210-27-P

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Appraiser Qualifications for Placement on FHA Single Family Appraiser Roster

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