The ASC met in a Special Meeting on July 29, 2020, and voted to approve, subject to approval by the Federal Financial Institutions Examination Council (FFIEC), an Order extending temporary waiver relief of appraiser credentialing requirements for appraisals of federally related transactions (FRTs) under $1,000,000 for commercial real estate transactions throughout the State of North Dakota for an additional one-year period and subject to specified terms and conditions.

The Federal Financial Institutions Examination Council met on August 7, 2020, via WebEx, and a quorum of the Council being present, took the following action: pursuant to § 1119(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, the Council approved the temporary waiver extension approved by the Appraisal Subcommittee (ASC) on July 29, 2020, as follows:

The Appraisal Subcommittee (ASC) released a Notice of Funding Availability today to identify a partner to work closely with the ASC in the development and delivery of high-quality training and technical assistance to State appraiser and appraisal management company (AMC) regulatory programs. The deadline for applications is Wednesday, November 18, 2020 at 8:00 p.m. ET.

Please reach out to Mark Abbott at Mark@asc.gov with any questions you may have. The ASC will post dates for upcoming technical assistance calls on the Training and Technical Assistance Grants page

Please see the memorandum from the ASC to States regarding additional guidance for education delivery.

Please see the ASC Press Release regarding the approved FY21 Budget.

Notice of Funding Availability to the Appraisal Foundation
ASC Press Release

The 2025 ASC Annual Report can be viewed here.