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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.

  1. 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. 511

  2. Mortgage 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.

  3. 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
  1. 1989Pub. L. 95–630, title X, § 1011, as added Pub. L. 101–73, title XI, § 1102, , 103 Stat. 511
  2. 2010amended Pub. L. 111–203, title XIV, § 1473(s), , 124 Stat. 2199
  3. 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.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s3310