“``(A) meets the minimum criteria established by the Appraiser Qualification Board for a trainee appraiser credential; and ``(B) is credentialed by a State appraiser certifying and licensing agency.''.”
The section adds a definition to section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989: a State credentialed trainee appraiser is a person who meets the minimum criteria the Appraiser Qualification Board sets for a trainee credential and is credentialed by a State appraiser certifying and licensing agency.
What the document actually says
“``(A) meets the minimum criteria established by the Appraiser Qualification Board for a trainee appraiser credential; and ``(B) is credentialed by a State appraiser certifying and licensing agency.''.”
That sentence, in plain words
The person must meet the least criteria a national board sets. The person must also hold a paper from a state office.
What this is about
Both tests must be met. One is national and one is at the state level. A person who fails either is not a credentialed trainee.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 403, 140 Stat. 898 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A State credentialed trainee appraiser is defined,” Increase the supply of housing in America, section 403, Sec. 403. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec403-trainee-definition/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
