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federally related transaction

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federally related transaction (FRT)

FDIC regulations define the term as “any real estate-related financial transaction entered into on or after August 9,1990,that the Board or any regulated institution engages in,contracts for,or regulates.”FDIC regulations require an appraiser for any FRT except those under $250,000 and other narrowly defined exceptions.



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Federally Related Transaction Assignments When the appraisal is to be used in a federally related transaction (FRT), all the requirements shown in Table 1 must be followed.
The group's letter maintained that while the intention of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), was to raise the professionalism of appraisers involved in federally related transactions, the associations believe the act has actually hindered the development of the profession, promoting only "minimum" qualifications for appraisers and failing to provide effective federal oversight of the system.
FIRREA Regulation Title XI of the Financial Institutional Reform, Recovery, and Enforcement Act of 1989 requires that any real estate appraisal made in connection with a federally related transaction after July 1, 1991 be prepared by an appraiser who holds a state certification or license, issued according to a state-enacted law conforming to standards set forth in the FIRREA statute.
 
 
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Federally Certified Court Interpreter
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Federally Contracted Research Center
Federally Employed Women, Inc.
Federally Enforceable State Operating Permits
Federally Funded Health Center
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Federally Guaranteed Student Loan
Federally Insured Credit Union
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Federally Insured State-Chartered Credit Union
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Federalnaya Pogranichnaya Sluzhba
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federary
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