Title 12, Banks and BankingRelease 119-102
§3310 Establishment of Appraisal Subcommittee
Title 12 › CHAPTER 34 — FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL › § 3310
Summary
Creates an Appraisal Subcommittee inside the Council. It is made up of the people chosen by the heads of federal financial regulators, the Consumer Financial Protection Bureau, the Department of Veterans Affairs, the USDA Rural Housing Service, HUD, and the Federal Housing Finance Agency. Each member must show knowledge of the appraisal profession, and at least one member must have a license, certification, or professional appraisal credential.
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, 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
Notes & Related Subsidiaries
Editorial Notes
Amendments
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 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
Aug 21, 2026
Release point: 119-102