Title 12 — Banks and BankingRelease 119-73not60

§3310 Establishment of Appraisal Subcommittee

Title 12 › Chapter 34— FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3310

Last updated Apr 3, 2026|Official source

Summary

Creates an Appraisal Subcommittee in the Council with designees from federal financial regulators, the CFPB, and the FHFA. Members must have appraisal knowledge, and at least one must hold an appraisal license, certification, or professional designation.

Full Legal Text

Title 12, §3310

Banks and Banking — Source: USLM XML via OLRC

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, 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

Notes & Related Subsidiaries

Editorial Notes

Amendments

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 AmendmentAmendment 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.

Reference

Citations & Metadata

Citation

12 U.S.C. § 3310

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60