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
Chairperson
The Council shall select the Chairperson of the subcommittee. The term of the Chairperson shall be 2 years.
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.
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. 512Enacted 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.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
- 1989Pub. L. 101–73, title XI, § 1104, , 103 Stat. 512
- 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.)