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[Federal Register Volume 79, Number 186 (Thursday, September 25, 2014)]
[Notices]
[Page 57553]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-22838]

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

Meeting of the Appraisal Subcommittee Advisory Committee for 
Development of Regulations

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

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, October 15, 2014, from 9:00 a.m. to 5:00 p.m. and Thursday, 
October 16, 2014, from 9:00 a.m. to 5:00 p.m. All times are in the 
Eastern time zone. The primary purpose of this meeting is to continue 
discussion on potential recommendations to the ASC regarding Temporary 
Practice, National Registries (Appraisers and Appraisal Management 
Companies), Information Sharing and Enforcement. The final agenda will 
be posted on the ASC Web site at https://www.asc.gov.

DATES: ASCAC will meet on Wednesday, October 15, 2014, from 9:00 a.m. 
to 5:00 p.m. and Thursday, October 16, 2014, from 9:00 a.m. to 5:00 
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 Doubletree Hotel located at 
300 Army Navy Drive, Arlington, VA 22202. Directional signs noting the 
meeting location for the ASCAC Meeting will be located in the hotel 
lobby.

FOR FURTHER INFORMATION CONTACT: Ms. Lori Schuster, Designated Federal 
Officer, ASC, 1401 H Street NW., Suite 760, Washington, DC 20005; 
telephone (202) 595-7578; or via email at Lori@asc.gov.

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 eighteen members nominated by the ASC 
Executive Director and approved by the Chairman of the ASC in 
consultation with ASC members. ASCAC members 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 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: Persons wishing to attend the meeting 
must notify Ms. Lori Schuster via email at Lori@asc.gov or (202) 595-
7578 by 5:00 p.m. Eastern time, Wednesday, October 8, 2014, in order to 
attend.
    Procedures for Public Comment: There will be a public comment 
period, not to exceed thirty minutes, the morning of October 15, 2014. 
The public comment period is not intended to be a Q&A session. To 
register to comment, please contact Ms. Lori Schuster at Lori@asc.gov 
or (202) 595-7578. Requests to comment must be received by 5:00 p.m. 
Eastern time on October 8, 2014. Registered speakers/organizations will 
be allowed a maximum of 5 minutes each and will need to provide written 
copies of their comments. Written comments also may be provided to Ms. 
Lori Schuster at Lori@asc.gov until 5:00 p.m. Eastern time, Friday, 
October 10, 2014.

    Dated: September 22, 2014.
James R. Park,
 Executive Director.
[FR Doc. 2014-22838 Filed 9-24-14; 8:45 am]
BILLING CODE 6700-01-P
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