Supplement to Presentation Made by Steven Berg at

2008 Tri-State Mortgage Conference

March 13, 2008 in Portsmouth, NH

Text of speech: http://www.sargentconsultingltd.com/NHBA2008Berg.pdf

The Appraisal Foundation http://www.appraisalfoundation.org/

(For copies of the handouts, “ASB & USPAP” and “Executive Summary

of 2008 Real Property Appraiser Qualification Criteria”)

NH Real Estate Appraiser Board http://www.nh.gov/nhreab/

(for new education requirements and other useful links)

HR 3837 Escrow, Appraisal, and Mortgage Servicing Improvements Act http://www.govtrack.us/congress/bill.xpd?bill=h110-3837

USPAP Advisory Opinion 19 – Regarding Appraiser Pressure http://commerce.appraisalfoundation.org/html/2006%20USPAP/ao19.htm

Agreements between NY Attorney General and Fannie Mae & Freddie Mac http://www.oag.state.ny.us/press/2008/mar/mar3a_08.html

Text of NH’s Proposed Appraiser Pressure law

Amend RSA 479 by inserting after section 30 the following new section:

479:31 Undue Influence Prohibited; Penalty.

I. No person with an interest in a real estate transaction involving an appraisal shall improperly influence or attempt to improperly influence, through coercion, extortion, bribery, or threat, the development, reporting, result, or review of a real estate appraisal sought in connection with a mortgage loan. This shall not prohibit a person with an interest in a real estate transaction from asking an appraiser to do any of the following:

(a) Consider additional, appropriate property information.

(b) Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.

(c) Correct errors in the appraisal report.

II. Any person who violates this section shall be guilty of a misdemeanor. If a person who violates this section is licensed under any state licensing law, a violation of this section shall be deemed a violation of that state licensing law.