NAPA Political Action Committee

The National Association of Professional Appraisers (NAPA) Independent Expenditure Political Action Committee is a registered PAC. The political action committee acts to protect appraisers from over burdensome federal and state legislation and regulations.

Excerpt of Letter to the Massachusetts Legislature

Many real estate appraisers do not provide bank collateral appraisers Massachusetts Senate Bill 131 Does Not Provide “Consumers” With “Equal” Protection
  1. The form generally known as Form 1003 is also titled URAR or Uniform Residential Appraisal Report. This form was created by Fannie Mae and approved by Ginnie Mae, and FHA. There is little thinking or analysis because the forms are filed automatically by software. The current forms including those used for Appraisal Review (critique) do not comply with USPAP Standard Rules.
  2. The Consumer Financial Protection Bureau announced in January 2013 that they were amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the Bureau’s official interpretations of the regulation, which interpret and clarify the requirements of Regulation B. The final rule revises Regulation B to implement an ECOA amendment concerning appraisals and other valuations that was enacted as part of the Dodd-Frank Act. In general, the revisions to Regulation B require creditors to provide to applicants free copies of all appraisals and other written valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling
  3. The Consumer Financial Protection Bureau (CFPB) is supposed to prevent predatory mortgage lending and make it easier for consumers to understand the terms of a mortgage before finalizing the paperwork. It prevents mortgage brokers from earning higher commissions for closing loans with higher fees and/or higher interest rates, and says that mortgage originators cannot steer potential borrowers to the loan that will result in the highest payment for the originator.
  4. See Circular 230 naming appraisers as un-signing enrolled agents subject to penalties and disbarment when providing written information used by a taxpayer.