S576 - Real Estate Appraisal Clarifications

• Adds definitions for "evaluation" and "Interagency Guidelines" to North Carolina appraisal law, where an evaluation is a value determination for federally regulated financial institutions performed under federal guidelines.

• Allows appraisers licensed or certified by the North Carolina Appraisal Board to perform evaluations in compliance with federal Interagency Appraisal and Evaluation Guidelines without adhering to Standards 1 and 2 of the Uniform Standards of Professional Appraisal Practice.

• Requires evaluation reports to include a disclaimer stating the evaluation is not an appraisal under professional standards and is intended only for federally regulated financial institutions.

• Replaces references to "person" with "individual" throughout the definitions section to align with standard terminology.

• Effective immediately upon enactment.