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[Federal Register Volume 79, Number 127 (Wednesday, July 2, 2014)]
[Notices]
[Page 37739]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15523]

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS14-07]

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 
Tuesday, July 22, 2014 from 9:00 a.m. to 5:00 p.m. and Wednesday, July 
23, 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 Tuesday, July 22, 2014 from 9:00 a.m. to 5:00 
p.m. and Wednesday, July 23, 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 Embassy Suites Hotel located 
at 1900 Diagonal Road, Alexandria, VA 22314. 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 phone at 
(202) 595-7578 by 5:00 p.m. Eastern time, Thursday, July 17, 2014, in 
order to attend.
    Procedures for Public Comment: There will be a public comment 
period, not to exceed thirty minutes, the morning of July 22, 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 July 16, 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, 
July 18, 2014.

    Dated: June 26, 2014.
James R. Park,
Executive Director.
[FR Doc. 2014-15523 Filed 7-1-14; 8:45 am]
BILLING CODE 6700-01-P
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