[Federal Register Volume 79, Number 61 (Monday, March 31, 2014)]
[Notices]
[Page 18028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-07071]



[[Page 18028]]

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS14-03]


Meeting of the Appraisal Subcommittee Advisory Committee for 
Development of Regulations

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council.

ACTION: Notice of open meeting.

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SUMMARY: The Appraisal Subcommittee Advisory Committee for Development 
of Regulations (ASCAC or Committee) will meet in open session on 
Wednesday, April 16, 2014 from 9:00 a.m. to 5:00 p.m. and Thursday, 
April 17, 2014 from 9:00 a.m. to 1:00 p.m. All times are in the Eastern 
time zone. The primary purposes of this meeting are to approve the 
ASCAC Bylaws, set Committee objectives and priorities, discuss the 
reporting timeline for reporting to the Appraisal Subcommittee (ASC), 
and potential sanctions. The final agenda will be posted on the ASC Web 
site at https://www.asc.gov.

DATES: ASCAC will meet on Wednesday, April 16, 2014 from 9:00 a.m. to 
5:00 p.m. and Thursday, April 17, 2014 from 9:00 a.m. to 1:00 p.m. All 
times are in the Eastern time zone. The meeting will be open to the 
public.

ADDRESSES: The meeting will be held at the Office of the Comptroller of 
the Currency, 400 7th Street SW., Washington, DC 20219. Please note 
admittance instructions under the SUPPLEMENTARY INFORMATION section of 
this notice.

FOR FURTHER INFORMATION CONTACT: Ms. Lori Schuster, Designated Federal 
Officer, Appraisal Subcommittee, 1401 H Street NW., Suite 760, 
Washington, DC 20005; telephone 202-595-7578; or via email at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Background: The Committee was established in accordance with the 
Federal Advisory Committee Act, as amended, 5. U.S.C. App. The 
Committee is composed of seventeen members nominated by the ASC 
Executive Director and approved by the Chairman of the ASC in 
consultation with ASC members. ASCAC members will represent a balance 
of expertise across the broad range of industry participants, including 
appraisers, lenders, consumer advocates, real estate agents, and 
government agencies. All ASCAC members will have extensive experience 
concerning the appraiser regulatory framework for federally related 
transactions.
    The ASC oversees the real estate appraisal process as it relates to 
federally related transactions as defined in Title XI of the Financial 
Institutions Reform, Recovery and Enforcement Act of 1989. The 2010 
Dodd-Frank Wall Street Reform and Consumer Protection Act included 
amendments to Title XI and expanded the ASC's authority to include 
rulemaking authority in four areas:
    (1) Temporary practice; (2) national registries; (3) information 
sharing; and (4) enforcement. The ASC is primarily seeking independent 
advice from ASCAC concerning sanctions ASCAC deems advisable for 
purposes of enforcement of regulations promulgated by the ASC to State 
appraiser regulatory programs.
    Procedures for Attendance and Public Comment: Persons wishing to 
attend the meeting must notify Ms. Lori Schuster via email at 
[email protected] or phone at (202) 595-7578 by 5:00 p.m. Eastern time, 
Monday, April 14, 2014, in order to attend. As the meeting will be held 
at the OCC, attendees must have a valid government-issued photo ID and 
must agree to submit to reasonable security measures. Please allow 
ample time for security screening.
    There will be a public comment period, not to exceed thirty 
minutes, the morning of April 16, 2014. The public comment period is 
not intended to be a Q&A session. To register to comment, please 
contact Ms. Lori Schuster at [email protected] or 202-595-7578. Registered 
speakers/organizations will be allowed a maximum of 5 minutes each and 
will need to provide written copies of their presentations. Requests to 
comment at the meeting must be received by 5:00 p.m. Eastern time on 
April 10, 2014. Written comments also may be provided to Ms. Lori 
Schuster at [email protected] until 5:00 p.m. Eastern time, Thursday, April 
10, 2014.

    Dated: March 25, 2014.
James R. Park,
Executive Director.
[FR Doc. 2014-07071 Filed 3-28-14; 8:45 am]
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