Under FIRREA, who enforces USPAP?

The enforcement of the Uniform Standards of Professional Appraisal Practice (USPAP) under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) is primarily the responsibility of state appraiser licensing and certification agencies. These agencies are tasked with ensuring that appraisers adhere to USPAP standards to maintain the integrity of the appraisal profession and protect the public interest.

State agencies carry out this enforcement through the licensing process, monitoring continuing education requirements, and investigating complaints against appraisers for potential violations of USPAP. As a result, they play a crucial role in upholding professional standards and ensuring that appraisers operate within the legal and ethical framework established by USPAP.

In contrast, other entities listed, such as federal boards, national associations, and local boards, do not have specific authority under FIRREA to enforce USPAP. While they may support appraisal practices or promote standards, the direct enforcement responsibility lies with the state-level agencies, which align with FIRREA's framework for appraisal regulation.