12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.46 — Professional association membership; competency
12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC), §34.46 Professional association membership; competency. Captured section-complete (all subsections verbatim).
Verbatim regulatory text
Verbatim provisions from 12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.46 — Professional association membership; competency — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §34.46(a)
(a) Membership in appraisal organizations. A State certified appraiser or a State licensed appraiser may not be excluded from consideration for an assignment for a federally related transaction solely by virtue of membership or lack of membership in any particular appraisal organization.
12 CFR §34.46(b)
(b) Competency. All staff and fee appraisers performing appraisals in connection with federally related transactions must be State certified or licensed, as appropriate. However, a State certified or licensed appraiser may not be considered competent solely by virtue of being certified or licensed. Any determination of competency shall be based upon the individual's experience and educational background as they relate to the particular appraisal assignment for which he or she is being considered.
Operationalizing 12 CFR Part 34 — Real Estate Lending, Appraisals & AVMs (OCC) § 34.46 — Professional association membership; competency
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
Source of record: https://claudeforcompliance.com/regs/occ-12cfr-34-46/
· register occ-12cfr-34-46 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.