source:
  type: regulation
  id: occ-12cfr-34.214
  authority: 12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.214 — Ownership limitations for
    State-registered appraisal management companies
  description: '12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC), §34.214 Ownership limitations for
    State-registered appraisal management companies. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: occ-12cfr-34.214-a
  canonical_id: occ-12cfr-34.214-a
  section: 12 CFR §34.214(a)
  description: 'Ownership limitations for State-registered appraisal management companies — (a): (a) Appraiser certification
    or licensing of owners. (1) An AMC subject to State registration pursuant to &#xA7; 34.213 shall not be registered
    by a State or included on the AMC National Registry if such AMC, in whole or in part, directly or indirectly,
    is owned by any person who has had an appraiser…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.214
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-I/part-34
    snapshot_id: b9176c4f9bb030c2
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:c27331ba5c7759b1bc066ef9a0c6d88aac17a04f5ea45ac55bff64410cc28fef
    paragraph_quote: (a) Appraiser certification or licensing of owners. (1) An AMC subject to State registration
      pursuant to &#xA7; 34.213 shall not be registered by a State or included on the AMC National Registry if such
      AMC, in whole or in part, directly or indirectly, is owned by any person who has had an appraiser license
      or certificate refused, denied, cancelled, surrendered in lieu of revocation, or revoked in any State for
      a substantive cause, as determined by the appropriate State appraiser certifying and licensing agency. (2)
      An AMC subject to State registration pursuant to &#xA7; 34.213 is not barred by paragraph (a)(1) of this section
      from being registered by a State or included on the AMC National Registry if the license or certificate of
      the appraiser with an ownership interest was not revoked for a substantive cause and has been reinstated by
      the State or States in which the appraiser was licensed or certified.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §34.214 subsection (a) from snapshot b9176c4f9bb030c2;
      substring-verified.
  judgment: false
- id: occ-12cfr-34.214-b
  canonical_id: occ-12cfr-34.214-b
  section: 12 CFR §34.214(b)
  description: 'Ownership limitations for State-registered appraisal management companies — (b): (b) Good moral
    character of owners. An AMC shall not be registered by a State if any person that owns more than 10 percent
    of the AMC&#x2014; (1) Is determined by the State appraiser certifying and licensing agency not to have good
    moral character; or (2) Fails to submit to a background investigatio…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.214
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-I/part-34
    snapshot_id: b9176c4f9bb030c2
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:c27331ba5c7759b1bc066ef9a0c6d88aac17a04f5ea45ac55bff64410cc28fef
    paragraph_quote: (b) Good moral character of owners. An AMC shall not be registered by a State if any person
      that owns more than 10 percent of the AMC&#x2014; (1) Is determined by the State appraiser certifying and
      licensing agency not to have good moral character; or (2) Fails to submit to a background investigation carried
      out by the State appraiser certifying and licensing agency.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §34.214 subsection (b) from snapshot b9176c4f9bb030c2;
      substring-verified.
  judgment: false
