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For CCAP Members (Please pass along to your appraiser contacts)
UPDATE / Action requested 5/18/2010
Below is a NEW support letter (draft) for S.3217. You have already sent one letter on this bill but things have changed. On 5/13/2010 an amendment, by Senator Casey of Pennsylvania, was introduced. The amendment puts the "Appraisal Independence Requirements" into S.3217 . Please send a letter of support for the Sec.1117 amendment by Senator Casey.
Your letter of support to our US Senators (Boxer & Feinstein) can make a difference. The letter draft (below) is a word document so you can cut and paste. Change it around to express your opinion in your own words. You can send via snail mail or e-mail.
It our industry, let take it back!
------------------------ DRAFT LETTER ------------------------------
Dear Senator ____________:
Please support Senator Casey's amendment of 5/13/2010, Sec.1117, which will amend S.3217 to include "Appraisal Independence Requirements."
"Appraisal Independence Requirements" are important to California's appraiser community. More important, they are requisite to maintaining a balanced, equitable and reliable process for America�s home mortgage consumers. Integrity demands the appraiser continue to stand apart in this process.
"Appraisal Independence Requirements", when enabled as a direct result of Congressional leadership, will help the over 100,000 appraisers across the country, all of which are small businesses (14,000 of which are California), interact with appropriate regulators and direct, or redirect as determined best, new and more responsive rules effecting this important industry.
Hopefully, there is no room for compromise here. The appraiser is one participant in the mortgage process that can be a true balance point for each transaction. Quality of debt depends on this.
Sincerely,
xyz appraiser, License #
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