Oregon Revised Statutes Occupations and Professions § 674.010

(1) “Appraisal Foundation” means the Appraisal Foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois.

(2) “Appraisal Subcommittee” means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council established pursuant to the federal Act.

(3) “Board” means the Appraiser Certification and Licensure Board established under ORS 674.305.

(4) “Federal Act” means Title XI of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989 (12 U.S.C. 3310 et seq.).

(5) “Federal financial institution regulatory agency” means:

(6) “Federally related transaction” means any real estate-related financial transaction that:

(7) “Financial institution” means an insured depository institution as defined in section 3 of the Federal Deposit Insurance Act   1 or an insured credit union as defined in section 101 of the Federal Credit Union Act   2.

(8) “Mortgage banker” has the meaning given that term in ORS 86A.100.

(9) “Professional real estate activity” has the meaning given that term in ORS 696.010.

(10) “Real estate appraisal activity” means the activity described in ORS 674.100.

(11) “Real estate-related financial transaction” means any transaction involving:

(12) “State certified appraiser” means an individual who has been certified as a state certified appraiser under ORS 674.310.

(13) “State licensed appraiser” means an individual who has been licensed as a state licensed appraiser under ORS 674.310.

(14) “State registered appraiser assistant” means an individual who has been registered as a state registered appraiser assistant under ORS 674.310.