; and (B) by striking and at the end; (2) by striking paragraph (4); (3) by redesignating paragraphs (5) and (6) as paragraphs (4) and (5), respectively; and (4) in paragraph (4), as so redesignated— (A) by striking year. The report shall also detail and inserting year, details ; (B) by striking provide and inserting provides ; and (C) by striking the period at the end and inserting ; and . (b) Annual registry fees (1) In general Section 1109 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 3338 ) is amended— (A) in the section heading, by striking or licensed and inserting , licensed, and credentialed trainee ; and (B) in subsection (a)— (i) in paragraph (1), by inserting , and in the case of a State with a supervisory or trainee program, a roster listing individuals who have received a State trainee credential after this title ; (ii) by striking paragraph (2) and inserting the following: (2) transmit reports on the issuance and renewal of licenses, certifications, credentials, sanctions, and disciplinary actions on a timely basis to the national registry of the Appraisal Subcommittee; ; and (iii) in paragraph (4)(A)— (I) by inserting including State credentialed trainee appraisers, after transactions, ; and (II) by inserting and from State credentialed trainee appraisers, an annual registry fee of not more than $20, after $40, . (2) Rule of construction Nothing in the amendments made by paragraph (1) shall require a State to establish or operate a program for State credentialed trainee appraisers, as defined in paragraph (12) of section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as added by subsection (d) of this section. (c) Transactions requiring the services of a State certified appraiser Section 1113 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 3342 ) is amended— (1) by striking In determining and inserting (a) In general .—In determining