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12 U.S.C. § 3352 — Emergency exceptions for disaster areas
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Each Federal financial institutions regulatory agency may, by regulation or order, make exceptions to this chapter, and to standards prescribed pursuant to this chapter, for transactions involving institutions for which the agency is the primary Federal regulator with respect to real property located within a disaster area if the agency—
(1) makes the exception not later than 30 months after the date on which the President determines, pursuant to [section 5170 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5170&num=0&edition=prelim), that a major disaster exists in the area; and
(2) determines that the exception—
(A) would facilitate recovery from the major disaster; and
(B) is consistent with safety and soundness.
**(b) 3-year limit on exceptions** Any exception made under this section shall expire not later than 3 years after the date of the determination referred to in subsection (a)(1).
**(c) Publication required** Any Federal financial institutions regulatory agency shall publish in the Federal Register a statement that—
(1) describes any exception made under this section; and
(2) explains how the exception—
(A) would facilitate recovery from the major disaster; and
(B) is consistent with safety and soundness.
**(d) “Disaster area” defined** For purposes of this section, the term “disaster area” means an area in which the President, pursuant to [section 5170 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5170&num=0&edition=prelim), has determined that a major disaster exists.
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Source location: Title 12, Chapter 34A, § 3352; chapter-34a-appraisal-subcommittee-of-federal-financial-institutions-examination-council.md
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**(a) In general** Each Federal financial institutions regulatory agency may, by regulation or order, make exceptions to this chapter, and to standards prescribed pursuant to this chapter, for transactions involving institutions for which the agency is the primary Federal regulator with respect to real property located within a disaster area if the agency—
(1) makes the exception not later than 30 months after the date on which the President determines, pursuant to [section 5170 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5170&num=0&edition=prelim), that a major disaster exists in the area; and
(2) determines that the exception—
(A) would facilitate recovery from the major disaster; and
(B) is consistent with safety and soundness.
**(b) 3-year limit on exceptions** Any exception made under this section shall expire not later than 3 years after the date of the determination referred to in subsection (a)(1).
**(c) Publication required** Any Federal financial institutions regulatory agency shall publish in the Federal Register a statement that—
(1) describes any exception made under this section; and
(2) explains how the exception—
(A) would facilitate recovery from the major disaster; and
(B) is consistent with safety and soundness.
**(d) “Disaster area” defined** For purposes of this section, the term “disaster area” means an area in which the President, pursuant to [section 5170 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5170&num=0&edition=prelim), has determined that a major disaster exists.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** All requests for a declaration by the President that a major disaster exists shall be made by the Governor of the affected State. Such a request shall be based on a finding that the disaster is of such severity and magnitude that effective response is beyond the capabilities of the State and the affected local governments and that Federal assistance is necessary. As part of such request, and as a prerequisite to major disaster assistance under this chapter, the Governor shall take appropriate response action under State law and direct execution of the State’s emergency plan. The Governor shall furnish information on the nature and amount of State and local resources which have been or will be committed to alleviating the results of the disaster, and shall certify that, for the current disaster, State and local government obligations and expenditures (of which State commitments must be a significant proportion) will comply with all applicable cost-sharing requirements of this chapter. Based on the request of a Governor under this section, the President may declare under this chapter that a major disaster or emergency exists.
**(b) Indian tribal government requests**
(1) **In general** — The Chief Executive of an affected Indian tribal government may submit a request for a declaration by the President that a major disaster exists consistent with the requirements of subsection (a).
(2) **References** — In implementing assistance authorized by the President under this chapter in response to a request of the Chief Executive of an affected Indian tribal government for a major disaster declaration, any reference in this subchapter or subchapter III (except sections 5153 and 5165d of this title) to a State or the Governor of a State is deemed to refer to a
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 5170
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Federal law — U.S. Code and appendices · legal_authorities
Page 1531
TITLE 12—BANKS AND BANKING
§ 3352
appraisal is prepared by individuals certified or
licensed in accordance with the requirements of
this chapter. An individual who is not a State
certified or licensed appraiser may assist in the
preparation of an appraisal if—
(1) the assistant is under the direct super-
vision of a licensed or certified individual; and
(2) the final appraisal document is approved
and signed by an individual who is certified or
licensed.
(f) Studies
(1) Study
The Appraisal Subcommittee shall—
(A) conduct a study to determine whether
real estate sales and financing information
and data that is available to real estate ap-
praisers in the States is sufficient to permit
appraisers to properly estimate the values of
properties in connection with federally re-
lated transactions; and
(B) study the feasibility and desirability of
extending the provisions of this chapter to
the function of personal property appraising
and to personal property appraisers in con-
nection with Federal financial and public
policy interests.
(2) Report
The Appraisal Subcommittee shall—
(A) report its findings to the Congress with
respect to the study described in paragraph
(1)(A) no later than 12 months after August
9, 1989, and
(B) report its findings with respect to the
study described in paragraph (1)(B) to Con-
gress not later than 18 months after August
9, 1989.
(g) Appraiser independence monitoring
The Appraisal Subcommittee shall monitor
each State appraiser certifying and licensing
agency for the purpose of determining whether
such agency’s policies, practices, and procedures
are consistent with the purposes of maintaining
appraiser independence and whether such State
has adopted and maintains effective laws, regu-
lations, and p
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 3352
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