# 12 CFR § 1102.1: Authority, purpose, and scope

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.1

## Section

- **Citation:** 12 CFR § 1102.1
- **Heading:** Authority, purpose, and scope
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER XI—FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL > PART 1102—APPRAISER REGULATION > Subpart A—Temporary Waiver Requests

## Text

(a) Authority. This subpart is issued under section 1119(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Title XI; 12 U.S.C. 3348(b)).
(b) Purpose and scope. This subpart prescribes rules of practice and procedure governing temporary waiver proceedings under section 1119(b) of Title XI (12 U.S.C. 3348(b)). These procedures apply whenever a Request for Temporary Waiver is submitted to the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) for a temporary waiver of any requirement relating to State certification or licensing (credentialing requirements) of persons eligible to perform appraisals for federally related transactions (FRTs) under Title XI. These procedures also apply in the event the ASC receives a Petition requesting the ASC initiate a temporary waiver proceeding. This subpart also contains the ASC's interpretations of terms used in section 1119(b) of Title XI.

## Nearby sections

- [12 CFR § 1102.1 § 1102.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.1.md)
- [12 CFR § 1102.2 § 1102.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.2.md)
- [12 CFR § 1102.3 § 1102.3 Request for Temporary Waiver.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.3.md)
- [12 CFR § 1102.4 § 1102.4 Petition requesting the ASC initiate a temporary waiver proceeding.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.4.md)
- [12 CFR § 1102.5 § 1102.5 Order initiating a temporary waiver proceeding.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.5.md)
- [12 CFR § 1102.6 § 1102.6 Notice and comment.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.6.md)
- [12 CFR § 1102.7 § 1102.7 ASC determination.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.7.md)
- [12 CFR § 1102.8 § 1102.8 Waiver extension.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.8.md)
- [12 CFR § 1102.9 § 1102.9 Waiver termination.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.9.md)
- [12 CFR § 1102.20 § 1102.20 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.20.md)
- [12 CFR § 1102.21 § 1102.21 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.21.md)
- [12 CFR § 1102.22 § 1102.22 Appearance and practice before the Subcommittee.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.22.md)
- [12 CFR § 1102.23 § 1102.23 Formal requirements as to papers filed.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.23.md)
- [12 CFR § 1102.24 § 1102.24 Filing requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.24.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.1. Check the current official text before relying on it. Not legal advice.