Appraisers say oversight is lacking

Regulators blame inadequate state funding

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Some regulators who oversee appraisers are taking issue with an Associated Press story that characterized oversight of the industry as "crippled" and "ineffective" despite an overhaul of the system after the Savings and Loan crisis.

But four other groups that represent appraisers themselves said the story — the product of a six-month investigation — underscores the need for better enforcement of existing laws.