Clark is gone. No longer at the GA board. He lost his fight and the ASC is still in business.
This little temper tantrum was just prior to Hell breaking loose all over GA as far a mortgage and appraisal fraud was concerned. If Mr. Clark and Georgia had spent less time and money fighting the Civil War and shouting "states rights", the citizens of GA would have been (and would be today) better off.
GA and other states that failed to protect the public and discipline dishonest, unethical and incompetent appraisers created a perfect environment for mortgage and appraisal fraud to grow.
Look at the states that spent the most time fighting the ASC and TAF and you will find the highest levels of fraud.
If Georgia does not convince you, try Florida, Colorado and Illinois.
Just reporting what the FBI says........
FBI and Industry Respond to Escalating Mortgage Fraud
The FBI is proactively working with the mortgage industry in an effort to curb mortgage fraud crimes. On March 8, 2007, the FBI signed a memorandum of agreement with the MBA to promote the FBI’s Mortgage Fraud Warning Notice (see figure 5). The Notice states that it is illegal to make any false statement regarding income, assets, debt or matters of identification, or to willfully inflate property value to influence the action of a financial institution.
Under the agreement, the MBA and the FBI will make the notice available to mortgage lenders to use
as a means of educating consumers and mortgage professionals of the penalties and consequences of mortgage fraud.10
The heavy hand of the subcommittee annoys a lot of peoplethe GAO’s discovery that 22 (41%) of the States believe that the ASC should
be eliminated and only 17 (31%) of the States would retain the ASC.
[FONT=TimesNewRoman,Bold]the GAO 2003 Report makes no analysis of the cost efficiency of the ASC’s doling out over
[FONT=TimesNewRoman,Bold]$9,000,000.00 tax dollars to the Appraisal Foundation to develop standards and qualifications[/FONT]
[FONT=TimesNewRoman,Bold]without any competitive bidding
I don't mind them selling it, I don't think it should carry a copyright nor do I think TAF should be privaterequiring appraisers to purchase the Uniform
Standards for Professional Appraisal Practice (USPAP) from them at a per copy cost of
$30.00. Since those Standards are required by law, they should be available at no cost
to the public just as any other law is.
[FONT=TimesNewRoman,Bold]the GAO 2003 Report failed to probe
a. why have federal regulation of appraisers when no other trade or profession is regulated
at the federal level?