Title 12 — Banks and Banking
Chapter 34 — Federal Financial Institutions Examination Council
§ 3310. Establishment of Appraisal Subcommittee
Statutory text
There shall be within the Council a subcommittee to be known as the “Appraisal Subcommittee”, which shall consist of the designees of the heads of the Federal financial institutions regulatory agencies, the Bureau of Consumer Financial Protection, the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, the Department of Housing and Urban Development, and the Federal Housing Finance Agency. Each such designee shall be a person who has demonstrated knowledge and competence concerning the appraisal profession. At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Financial Institutions Regulatory and Interest Rate Control Act of 1978
Pub. L. 95–630 title X § 1011 · 92 Stat. 3641
Enacted · 12 U.S.C. § 3310
Pub. L. 95–630, title X, § 1011, as added Pub. L. 101–73, title XI, § 1102, Aug. 9, 1989, 103 Stat. 511
Source evidence
Code source credit
Pub. L. 95–630, title X, § 1011, as added Pub. L. 101–73, title XI, § 1102, Aug. 9, 1989, 103 Stat. 511Mortgage Reform and Anti-Predatory Lending Act
Pub. L. 111–203 title XIV § 1473(s) · 124 Stat. 1376
Inserted · 12 U.S.C. § 3310
Pub. L. 111–203 inserted “, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency” after “agencies” and “At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.” at the end
Source evidence
Code amendment note
Pub. L. 111–203 inserted “, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency” after “agencies” and “At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.” at the end.Enacted provision · exact public law section
(s) Amendments to Appraisal Subcommittee.— Section 1011 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3310) is amended— (1) in the first sentence, by adding before the period the following: “, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency”; and (2) by inserting at the end the following: “At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.”.Effective date note
Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.Pub. L. 119–101 title IV § 403(e) · 140 Stat. 901
Inserted · 12 U.S.C. § 3310
Pub. L. 119–101 inserted “the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, the Department of Housing and Urban Development,” after “the Bureau of Consumer Financial Protection,”
Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.
Source evidence
Code amendment note
Pub. L. 119–101 inserted “the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, the Department of Housing and Urban Development,” after “the Bureau of Consumer Financial Protection,”.
1 of 3 references resolved to an enrolled provision · 1 partial · 1 unresolved
Editorial Notes
Amendments2010–2026 · 2 rounds
2026
Pub. L. 119–101 inserted “the Department of Veterans Affairs, the Rural Housing Service of the Department of Agriculture, the Department of Housing and Urban Development,” after “the Bureau of Consumer Financial Protection,”.
2010
Pub. L. 111–203 inserted “, the Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency” after “agencies” and “At all times at least one member of the Appraisal Subcommittee shall have demonstrated knowledge and competence through licensure, certification, or professional designation within the appraisal profession.” at the end.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.
Credits
1989–2026 · 3 acts
- 1989Pub. L. 95–630, title X, § 1011, as added Pub. L. 101–73, title XI, § 1102, , 103 Stat. 511
- 2010amended Pub. L. 111–203, title XIV, § 1473(s), , 124 Stat. 2199
- 2026Pub. L. 119–101, title IV, § 403(e), , 140 Stat. 901.
Show as published
(Pub. L. 95–630, title X, § 1011, as added Pub. L. 101–73, title XI, § 1102, , 103 Stat. 511; amended Pub. L. 111–203, title XIV, § 1473(s), , 124 Stat. 2199; Pub. L. 119–101, title IV, § 403(e), , 140 Stat. 901.)