This chapter, referred to in subsecs. (a) and (b)(5), was in the original “this title”, meaning title XI of Pub. L. 101–73, which is classified principally to this chapter. For complete classification of title XI to the Code, see Tables.

This Act, referred to in subsec. (a), is Pub. L. 101–73, Aug. 9, 1989, 103 Stat. 183, known as the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. For complete classification of this Act to the Code, see Short Title of 1989 Amendment note set out under section 1811 of this title and Tables.

Pub. L. 111–203, § 1473(i), which amended this section, also enacted provisions set out as a note below.

2026—Pub. L. 119–101, § 403(c)(2)(A)(i), substituted “, certified, licensed, and credentialed trainee” for “certified or licensed” in section catchline.

Subsec. (a). Pub. L. 119–101, § 403(b), inserted at end of concluding provisions “Subject to the approval of the Council, the Appraisal Subcommittee may adjust fees established under clause (i) or (ii) to carry out its functions under this Act.”

Subsec. (a)(1). Pub. L. 119–101, § 403(c)(2)(A)(ii)(I), inserted “, and in the case of a State with a supervisory or trainee program, a roster listing individuals who have received a State trainee credential” after “this chapter”.

Subsec. (a)(2). Pub. L. 119–101, § 403(c)(2)(A)(ii)(II), added par. (2) and struck out former par. (2) which read as follows: “transmit reports on the issuance and renewal of licenses and certifications, sanctions, disciplinary actions, license and certification revocations, and license and certification suspensions on a timely basis to the national registry of the Appraisal Subcommittee;”.

Subsec. (b)(7). Pub. L. 119–101, § 403(d), added par. (7).

2010—Subsec. (a). Pub. L. 111–203, § 1473(h)(1)(B), amended concluding provisions generally. Prior to amendment, concluding provisions read as follows: “Subject to the approval of the Council, the Appraisal Subcommittee may adjust the dollar amount of registry fees, up to a maximum of $50 per annum, as necessary to carry out its functions under this chapter.”

Subsec. (a)(2), (3). Pub. L. 111–203, § 1473(g)(1), (3), added pars. (2) and (3). Former par. (2) redesignated (4).

Subsec. (a)(4). Pub. L. 111–203, § 1473(h)(1)(A), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “collect from such individuals who perform or seek to perform appraisals in federally related transactions, an annual registry fee of not more than $25, such fees to be transmitted by the State agencies to the Council on an annual basis.”

Pub. L. 111–203, § 1473(g)(2), redesignated par. (2) as (4).

Subsec. (b)(5), (6). Pub. L. 111–203, § 1473(i), added pars. (5) and (6).

Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.

Pub. L. 119–101, title IV, § 403(c)(2)(B), July 11, 2026, 140 Stat. 900, provided that: “Nothing in the amendments made by subparagraph (A) [amending this section] shall require a State to establish or operate a program for State credentialed trainee appraisers, as defined in paragraph (12) of section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 [12 U.S.C. 3350(12)], as added by paragraph (4) of this subsection.”

Pub. L. 111–203, title XIV, § 1473(i), July 21, 2010, 124 Stat. 2195, provided that:

[Introductory provisions and pars. (1) to (3) amended this section].

“Obligations authorized under this subsection [amending this section] may not exceed 75 percent of the fiscal year total of incremental increase in fees collected and deposited in the ‘Appraisal Subcommittee Account’ pursuant to subsection (h) [amending this section and enacting provisions set out as a note under this section].”

Pub. L. 111–203, title XIV, § 1473(h)(2), July 21, 2010, 124 Stat. 2195, provided that: “Incremental revenues collected pursuant to the increases required by this subsection [amending this section] shall be placed in a separate account at the United States Treasury, entitled the ‘Appraisal Subcommittee Account’.”