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Title 12: Banks and Banking
CHAPTER XI: FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
PART 1102: APPRAISER REGULATION
Subpart A: Temporary Waiver Requests
1102.3 - Other requests and information submissions.The federal financial institutions regulatory agencies and the Resolution Trust Corporation, their respective regulated financial institutions, and other persons or institutions with a demonstrable interest in appraiser regulation, may ask the ASC for a determination under ? 1102.2(a) of this subpart, and may ask that the ASC exercise its discretionary authority to initiate a temporary waiver proceeding. Such regulated financial institutions and other persons or institutions do not need to comply with ? 1102.2(g) of this subpart, but are strongly encouraged to include meaningful suggestions and recommendations for remedying the situation. A copy of the request or informational submission shall be forwarded promptly to the State Appraiser Regulatory Agency. The ASC shall consider these submissions and requests in exercising its authority to initiate a temporary waiver procedure. When the ASC initiates a temporary waiver proceeding, these documents shall correspond to a received request under ? 1102.4 of this subpart.
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