# 12 CFR § 1102.7: ASC determination

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1102.7

## Section

- **Citation:** 12 CFR § 1102.7
- **Heading:** ASC determination
- **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) Order by the ASC. Within 90 calendar days of the date of publication of the notice in the Federal Register, the ASC, by Order, shall either grant or deny a waiver, in whole or in part, and upon specified terms and conditions, including provisions for waiver termination. The Order shall be published in the Federal Register, which in the case of an Order approving a waiver, shall only be published after FFIEC approval of the waiver (see paragraph (b) of this section). Such Order shall respond to comments received from interested members of the public and shall provide the reasons for the ASC's finding(s).
(b) Approval by the FFIEC. Any ASC Order approving a waiver shall be effective only upon FFIEC approval of the waiver. FFIEC consideration of a waiver is not subject to the ASC's 90-day timeframe for a determination.

## 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-12-1102.7. Check the current official text before relying on it. Not legal advice.