An appraisal performed by a State certified or licensed appraiser is required for all real estate-related financial transactions except those in which the transaction involves the purchase, sale, investment in, exchange of, or extension of credit secured by, a loan or interest in a loan, pooled loans, or interests in real property, including mortgaged-backed securities, and each loan or interest in a loan, pooled loan, or real property interest met FDIC regulatory requirements for appraisals at the time of origination.
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An appraisal performed by a State certified or licensed appraiser is required.