; or (ii) approved by the Course Approval Program of the Appraiser Qualification Board of the Appraisal Foundation or a State appraiser certifying and licensing agency. . (2) Application Subparagraph (C) of section 202(g)(5) of the National Housing Act ( 12 U.S.C. 1708(g)(5) ), as added by paragraph (1), shall not apply with respect to any appraiser approved by the Federal Housing Administration to conduct appraisals on mortgages insured under title II of the National Housing Act ( 12 U.S.C. 1707 et seq. ) on or before the date on which the mortgagee letter or other guidance or regulations take effect under subsection (c)(3). (b) Compliance with verifiable education and competency requirements Effective beginning on the date on which the mortgagee letter or other notice or regulations take effect under subsection (c)(3), no appraiser may conduct an appraisal for any mortgage insured under title II of the National Housing Act ( 12 U.S.C. 1707 et seq. ) unless— (1) the appraiser is in compliance with the requirements under subparagraphs (A) and (B) of section 202(g)(5) of such Act ( 12 U.S.C. 1708(g)(5) ), as amended by subsection (a); and (2) if the appraiser was not approved by the Federal Housing Administration to conduct appraisals on mortgages insured under title II of the National Housing Act ( 12 U.S.C. 1707 et seq. ) before the date on which the mortgagee letter or other notices or regulations take effect under subsection (c)(3), the appraiser is in compliance with subparagraph (C) of such section 202(g)(5). (c) Implementation Not later than the 240 days after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue a mortgagee letter or other notice or regulations that shall— (1) implement the amendments made by subsection (a)