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Title 12 — Banks and Banking

Chapter 34A — Appraisal Subcommittee of Federal Financial Institutions Examination Council

§ 3333. Chairperson of Appraisal Subcommittee; term of Chairperson; meetings

Statutory text

(a)

Chairperson

The Council shall select the Chairperson of the subcommittee. The term of the Chairperson shall be 2 years.

(b)

Meetings; quorum; voting

The Appraisal Subcommittee shall meet in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports, at the call of the Chairperson or a majority of its members when there is business to be conducted. A majority of members of the Appraisal Subcommittee shall constitute a quorum but 2 or more members may hold hearings. Decisions of the Appraisal Subcommittee shall be made by the vote of a majority of its members. The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.

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 Reform, Recovery, and Enforcement Act of 1989

    Pub. L. 101–73 title XI § 1104 · 103 Stat. 183

    Enacted · 12 U.S.C. § 3333

    Pub. L. 101–73, title XI, § 1104, Aug. 9, 1989, 103 Stat. 512

    Source evidence

    Code source credit
    Pub. L. 101–73, title XI, § 1104, Aug. 9, 1989, 103 Stat. 512

    Enacted provision · exact public law section
    SEC. 1104. CHAIRPERSON OF APPRAISAL SUBCOMMITTEE; TERM OF CHAIRPERSON; MEETINGS. (a) Chairperson.— The Council shall select the Chairperson of the subcommittee. The term of the Chairperson shall be 2 years. (b) Meetings; Quorum; Voting.— The Appraisal Subcommittee shall meet at the call of the Chairperson or a majority of its members when there is business to be conducted. A majority of members of the Appraisal Subcommittee shall constitute a quorum but 2 or more members may hold hearings. Decisions of the Appraisal Subcommittee shall be made by the vote of a majority of its members.

  2. Mortgage Reform and Anti-Predatory Lending Act

    Pub. L. 111–203 title XIV § 1473(c) · 124 Stat. 1376

    Inserted · 12 U.S.C. § 3333(b)

    Pub. L. 111–203 inserted “in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports,” after “shall meet” and “The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.” at the end

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 111–203 inserted “in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports,” after “shall meet” and “The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.” at the end.

    Enacted provision · exact public law section
    (c) Open Meetings.— Section 1104(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3333(b)) is amended— (1) by inserting “in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports,” after “shall meet”; and (2) by adding after the final period the following: “The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.”.

    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.

2 of 2 references resolved to an enrolled provision

Editorial Notes

Amendments

2010—Subsec. (b). Pub. L. 111–203 inserted “in public session after notice in the Federal Register, but may close certain portions of these meetings related to personnel and review of preliminary State audit reports,” after “shall meet” and “The subject matter discussed in any closed or executive session shall be described in the Federal Register notice of the meeting.” 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

1989–2010 · 2 acts
  1. 1989Pub. L. 101–73, title XI, § 1104, , 103 Stat. 512
  2. 2010Pub. L. 111–203, title XIV, § 1473(c), , 124 Stat. 2191.
Show as published

(Pub. L. 101–73, title XI, § 1104, , 103 Stat. 512; Pub. L. 111–203, title XIV, § 1473(c), , 124 Stat. 2191.)

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/s3333