Governor Maggie Hassan and the Executive Council recently appointed Don St. Germain, Executive Vice President and Chief Lending Officer of St. Mary’s Bank to the New Hampshire Real Estate Appraiser Board.
“I am honored to represent the nation’s first credit union and New Hampshire lending institutions on the Board,” said St. Germain.
St. Germain will serve on the N.H. Real Estate Appraiser Board for a term of three years.
About the New Hampshire Real Estate Appraiser Board
The purpose of the New Hampshire Real Estate Appraiser Board is to bring New Hampshire into compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act.
The federal act's purpose is to protect federal financial and public policy interests in real estate related transactions by requiring that real estate appraisers used in connection with federally-related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision. Also, any real estate appraisal service performed by an individual licensed or certified under this chapter shall be subject to the supervision of the Board.