Appraisal Subcommittee; Notice of Received Request for a Temporary Waiver, 10480-10481 [2018-04756]

Download as PDF 10480 Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices Dated: March 1, 2018. E. Scott Pruitt, Administrator. [FR Doc. 2018–04703 Filed 3–8–18; 8:45 am] BILLING CODE 6560–50–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting FEDERAL REGISTER CITATION NOTICE OF PREVIOUS ANNOUNCEMENT: 83 FR 8870. PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: Tuesday, March 6, 2018 at 10:00 a.m. This meeting also discussed: Matters relating to internal personnel decisions, or internal rules and practices. * * * * * CONTACT FOR MORE INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. CHANGES IN THE MEETING: Laura E. Sinram, Deputy Secretary of the Commission. [FR Doc. 2018–04847 Filed 3–7–18; 11:15 am] BILLING CODE 6715–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL [Docket No. AS18–03] Appraisal Subcommittee; Notice of Received Request for a Temporary Waiver Appraisal Subcommittee of the Federal Financial Institutions Examination Council, FFIEC. ACTION: Notice of received request for a temporary waiver; request for comments. AGENCY: The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) has received a request for a temporary waiver of appraiser certification or licensing requirements pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act, and the rules promulgated thereunder. The ASC is requesting comment (including written data, views and arguments) on the received request. DATES: Comments must be received on or before April 9, 2018. ADDRESSES: Commenters are encouraged to submit comments (including written data, views and arguments) by the Federal eRulemaking Portal or email, if possible. You may submit comments, identified by Docket Number AS18–03, by any of the following methods: amozie on DSK30RV082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:47 Mar 08, 2018 Jkt 244001 • Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. Click on the ‘‘Help’’ tab on the Regulations.gov home page to get information on using Regulations.gov, including instructions for submitting public comments. • E-Mail: webmaster@asc.gov. Include the docket number in the subject line of the message. • Fax: (202) 289–4101. Include docket number on fax cover sheet. • Mail: Address to Appraisal Subcommittee, Attn: Lori Schuster, Management and Program Analyst, 1401 H Street NW, Suite 760, Washington, DC 20005. • Hand Delivery/Courier: 1401 H Street NW, Suite 760, Washington, DC 20005. In general, the ASC will enter all comments received into the docket and publish those comments on the Federal eRulemaking (regulations.gov) website without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. At the close of the comment period, all public comments will also be made available on the ASC’s website at https://www.asc.gov (follow link in ‘‘What’s New’’) as submitted, unless modified for technical reasons. You may review comments by any of the following methods: • Viewing Comments Electronically: Go to https://www.regulations.gov. Enter ‘‘Docket ID AS18–03’’ in the Search box and click ‘‘Search.’’ Click on the ‘‘Help’’ tab on the Regulations.gov home page to get information on using Regulations.gov, including instructions for viewing public comments, viewing other supporting and related materials, and viewing the docket after the close of the comment period. • Viewing Comments Personally: You may personally inspect comments at the ASC office, 1401 H Street NW, Suite 760, Washington, DC 20005. To make an appointment, please call Lori Schuster at (202) 595–7578. FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at (202) 595–7575, or Alice M. Ritter, General Counsel, at (202) 595–7577, Appraisal Subcommittee, 1401 H Street NW, Suite 760, Washington, DC 20005. PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 SUPPLEMENTARY INFORMATION: I. Background Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended (Title XI), established the ASC.1 The purpose of Title XI is ‘‘to provide that Federal financial and public policy interests in real estate related transactions will be protected by requiring that real estate appraisals utilized in connection with federally related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.’’ 2 Title XI requires the use of State licensed or certified appraisers in federally related transactions.3 Section 1119(b) of Title XI, 12 U.S.C. 3348(b), authorizes the ASC to waive, on a temporary basis and with approval of the FFIEC, any certification or licensing requirement relative to certifying or licensing individuals to perform appraisals under Title XI in a State or geographic political subdivisions of a State upon a written determination that there is a scarcity of certified or licensed appraisers to perform appraisals in connection with federally related transactions leading to significant delays in the performance of such appraisals. The ASC has issued procedures 4 governing the processing of temporary waiver requests. After receiving a waiver request, the ASC is required to issue a public notice in the Federal Register requesting comment on the request for a proposed temporary waiver. Within 15 days of the close of the 30-day comment period, the ASC, by order, will grant or deny a waiver, in whole or in part, and upon specified terms or conditions, including provisions for waiver termination. If the ASC approves any or all of the request, it is subject to approval by the FFIEC. The ASC’s order granting or denying the 1 The ASC Board is comprised of seven members. Five members are designated by the heads of the FFIEC agencies (Board of Governors of the Federal Reserve System [Board], Consumer Financial Protection Bureau [CFPB], Federal Deposit Insurance Corporation [FDIC], Office of the Comptroller of the Currency [OCC], and National Credit Union Administration [NCUA]). The other two members are designated by the heads of the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). 2 Title XI § 1101, 12 U.S.C. 3331. 3 ‘‘Federally related transaction’’ refers to any real estate related financial transaction which: a) a federal financial institutions regulatory agency engages in, contracts for, or regulates; and b) requires the services of an appraiser. (Title XI § 1121 (4), 12 U.S.C. 3350.) 4 12 CFR part 1102, subpart A. E:\FR\FM\09MRN1.SGM 09MRN1 Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices waiver shall respond to comments received and shall provide reasons for the ASC’s finding. The order shall be published promptly in the Federal Register, though in the case of an order granting a waiver, only after approval by the FFIEC. II. Request for Temporary Waiver; Received Request On November 20, 2017, a letter requesting consideration of a temporary waiver was received by the ASC from TriStar Bank, a state-chartered bank located in Dickson, Tennessee (the Requester). On November 30, 2017, ASC staff replied by letter to the Requester, in which ASC staff described the information required to file a completed waiver request pursuant to 12 CFR 1102.2 and 1102.3, subpart A, Temporary Waiver Requests. On January 22, 2018, the Requester submitted additional information (dated January 10, 2018) in response to the ASC’s November 30, 2017 letter. Pursuant to 12 CFR 1102.4, the ASC is publishing a notice respecting the received request to give interested persons 30 days to comment, including submission of written data, views and arguments. You may view the received request by any of the following methods: • Viewing Received Request Electronically: Go to https:// www.asc.gov. In the ‘‘What’s New’’ box on the home page, a link is provided to view the received request and supporting documentation. • Viewing Received Request Personally: You may personally inspect the received request and supporting documentation at the ASC office, 1401 H Street NW, Suite 760, Washington, DC 20005. To make an appointment, please call Lori Schuster at (202) 595–7578. III. Request for Comment The ASC seeks comment on all aspects of the received request, including submission of written data, views and arguments. * * * * * By the Appraisal Subcommittee. Dated: March 6, 2018. James R. Park, Executive Director. [FR Doc. 2018–04756 Filed 3–8–18; 8:45 am] amozie on DSK30RV082PROD with NOTICES BILLING CODE P FEDERAL MARITIME COMMISSION Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. VerDate Sep<11>2014 16:47 Mar 08, 2018 Jkt 244001 Interested parties may submit comments on the agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within twelve days of the date this notice appears in the Federal Register. Copies of the agreements are available through the Commission’s website (www.fmc.gov) or by contacting the Office of Agreements at (202) 523–5793 or tradeanalysis@ fmc.gov. Agreement No.: 011830–012. Title: Indamex Cross Space Charter, Sailing and Cooperative Working Agreement. Parties: CMA CGM S.A.; Hapag-Lloyd AG; Nippon Yusen Kaisha; and Orient Overseas Container Line Limited. Filing Party: Joshua Stein; Cozen O’Connor; 1200 Nineteenth Street NW; Washington, DC 20036. Synopsis: The Amendment revises the Agreement to provide for the transition that will occur following the combination of the container liner operations of Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; and Nippon Yusen Kaisha into a new company known as Ocean Network Express Pte. Ltd. effective April 1, 2018. Ocean Network Express Pte. Ltd. is added as a party. Agreement No.: 012153–001. Title: NYK/HLAG Vessel Sharing Agreement. Parties: Nippon Yusen Kaisha and Hapag-Lloyd AG. Filing Party: Joshua Stein; Cozen O’Connor; 1200 Nineteenth Street NW; Washington, DC 20036. Synopsis: The Amendment revises the Agreement to provide for the transition that will occur following the combination of the container liner operations of Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; and Nippon Yusen Kaisha into a new company known as Ocean Network Express Pte. Ltd. effective April 1, 2018. Ocean Network Express Pte. Ltd. is added as a party. Agreement No.: 012462–001. Title: THE Alliance/CMA CGM Space Charter Agreement. Parties: Hapag Lloyd; Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; Nippon Yusen Kaisha; Yang Ming Marine Transport Corp.; and CMA CGM S.A. Filing Party: Joshua Stein; Cozen O’Connor; 1200 19th Street NW; Washington, DC 20036. Synopsis: The Amendment revises the Agreement to provide for the transition that will occur following the combination of the container liner operations of Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; and PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 10481 Nippon Yusen Kaisha into a new company known as Ocean Network Express Pte. Ltd. effective April 1, 2018. Ocean Network Express Pte. Ltd. is added as a party. In addition, the Amendment adds Yang Ming (UK) Ltd. as a party (operating as a single party with Yang Ming Marine Transport Corp.). Agreement No.: 012472–001. Title: Yang Ming/COSCO Shipping Slot Exchange Agreement. Parties: COSCO Shipping Lines Co., Ltd. and Yang Ming Marine Transport Corporation. Filing Party: Robert Magovern; Cozen O’Connor; 1200 19th Street NW; Washington, DC 20036. Synopsis: The amendment revises the Agreement to clarify that the space provided to Yang Ming will be on COSCO Shipping’s AAC service, instead of on the CEN service effective April 1, 2018. The amendment also adds Yang Ming (UK) Ltd. as a party (operating as a single party with Yang Ming Marine Transport Corp.) Dated: March 5, 2018. Rachel E. Dickon, Secretary. [FR Doc. 2018–04697 Filed 3–8–18; 8:45 am] BILLING CODE P FEDERAL MARITIME COMMISSION [Fact Finding Investigation No. 28] Conditions and Practices Relating to Detention, Demurrage, and Free Time in International Oceanborne Commerce; Order of Investigation Federal Maritime Commission. The Order of Investigation was served March 5, 2018. ACTION: Notice of Order of Investigation. AGENCY: DATES: Authority: 46 CFR 502.281 et seq. On March 5, 2018, the Federal Maritime Commission instituted a Fact Finding Investigation entitled Conditions and Practices Relating to Detention, Demurrage, and Free Time in International Oceanborne Commerce. Acting pursuant to 46 CFR 502.281 et seq., the Commission has designated Commissioner Rebecca F. Dye as Investigative Officer to develop a record and final report by December 2, 2018 on the following: 1. Whether, and if so, how, the alignment of commercial, contractual, and cargo interests enhance or aggravate the ability of cargo to move efficiently through United States ports. SUPPLEMENTARY INFORMATION: E:\FR\FM\09MRN1.SGM 09MRN1

Agencies

Federal Financial Institutions Examination Council

[Federal Register Volume 83, Number 47 (Friday, March 9, 2018)]
[Notices]
[Pages 10480-10481]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04756]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS18-03]


Appraisal Subcommittee; Notice of Received Request for a 
Temporary Waiver

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council, FFIEC.

ACTION: Notice of received request for a temporary waiver; request for 
comments.

-----------------------------------------------------------------------

SUMMARY: The Appraisal Subcommittee (ASC) of the Federal Financial 
Institutions Examination Council (FFIEC) has received a request for a 
temporary waiver of appraiser certification or licensing requirements 
pursuant to the Financial Institutions Reform, Recovery, and 
Enforcement Act, and the rules promulgated thereunder. The ASC is 
requesting comment (including written data, views and arguments) on the 
received request.

DATES: Comments must be received on or before April 9, 2018.

ADDRESSES: Commenters are encouraged to submit comments (including 
written data, views and arguments) by the Federal eRulemaking Portal or 
email, if possible. You may submit comments, identified by Docket 
Number AS18-03, by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments. Click on the ``Help'' 
tab on the Regulations.gov home page to get information on using 
Regulations.gov, including instructions for submitting public comments.
     E-Mail: [email protected]. Include the docket number in 
the subject line of the message.
     Fax: (202) 289-4101. Include docket number on fax cover 
sheet.
     Mail: Address to Appraisal Subcommittee, Attn: Lori 
Schuster, Management and Program Analyst, 1401 H Street NW, Suite 760, 
Washington, DC 20005.
     Hand Delivery/Courier: 1401 H Street NW, Suite 760, 
Washington, DC 20005.
    In general, the ASC will enter all comments received into the 
docket and publish those comments on the Federal eRulemaking 
(regulations.gov) website without change, including any business or 
personal information that you provide, such as name and address 
information, email addresses, or phone numbers. Comments received, 
including attachments and other supporting materials, are part of the 
public record and subject to public disclosure. Do not enclose any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure. At the close of 
the comment period, all public comments will also be made available on 
the ASC's website at https://www.asc.gov (follow link in ``What's 
New'') as submitted, unless modified for technical reasons.
    You may review comments by any of the following methods:
     Viewing Comments Electronically: Go to https://www.regulations.gov. Enter ``Docket ID AS18-03'' in the Search box and 
click ``Search.'' Click on the ``Help'' tab on the Regulations.gov home 
page to get information on using Regulations.gov, including 
instructions for viewing public comments, viewing other supporting and 
related materials, and viewing the docket after the close of the 
comment period.
     Viewing Comments Personally: You may personally inspect 
comments at the ASC office, 1401 H Street NW, Suite 760, Washington, DC 
20005. To make an appointment, please call Lori Schuster at (202) 595-
7578.

FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at 
(202) 595-7575, or Alice M. Ritter, General Counsel, at (202) 595-7577, 
Appraisal Subcommittee, 1401 H Street NW, Suite 760, Washington, DC 
20005.

SUPPLEMENTARY INFORMATION: 

I. Background

    Title XI of the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989, as amended (Title XI), established the ASC.\1\ 
The purpose of Title XI is ``to provide that Federal financial and 
public policy interests in real estate related transactions will be 
protected by requiring that real estate appraisals utilized in 
connection with federally related transactions are performed in 
writing, in accordance with uniform standards, by individuals whose 
competency has been demonstrated and whose professional conduct will be 
subject to effective supervision.'' \2\ Title XI requires the use of 
State licensed or certified appraisers in federally related 
transactions.\3\ Section 1119(b) of Title XI, 12 U.S.C. 3348(b), 
authorizes the ASC to waive, on a temporary basis and with approval of 
the FFIEC, any certification or licensing requirement relative to 
certifying or licensing individuals to perform appraisals under Title 
XI in a State or geographic political subdivisions of a State upon a 
written determination that there is a scarcity of certified or licensed 
appraisers to perform appraisals in connection with federally related 
transactions leading to significant delays in the performance of such 
appraisals. The ASC has issued procedures \4\ governing the processing 
of temporary waiver requests. After receiving a waiver request, the ASC 
is required to issue a public notice in the Federal Register requesting 
comment on the request for a proposed temporary waiver. Within 15 days 
of the close of the 30-day comment period, the ASC, by order, will 
grant or deny a waiver, in whole or in part, and upon specified terms 
or conditions, including provisions for waiver termination. If the ASC 
approves any or all of the request, it is subject to approval by the 
FFIEC. The ASC's order granting or denying the

[[Page 10481]]

waiver shall respond to comments received and shall provide reasons for 
the ASC's finding. The order shall be published promptly in the Federal 
Register, though in the case of an order granting a waiver, only after 
approval by the FFIEC.
---------------------------------------------------------------------------

    \1\ The ASC Board is comprised of seven members. Five members 
are designated by the heads of the FFIEC agencies (Board of 
Governors of the Federal Reserve System [Board], Consumer Financial 
Protection Bureau [CFPB], Federal Deposit Insurance Corporation 
[FDIC], Office of the Comptroller of the Currency [OCC], and 
National Credit Union Administration [NCUA]). The other two members 
are designated by the heads of the Department of Housing and Urban 
Development (HUD) and the Federal Housing Finance Agency (FHFA).
    \2\ Title XI Sec.  1101, 12 U.S.C. 3331.
    \3\ ``Federally related transaction'' refers to any real estate 
related financial transaction which: a) a federal financial 
institutions regulatory agency engages in, contracts for, or 
regulates; and b) requires the services of an appraiser. (Title XI 
Sec.  1121 (4), 12 U.S.C. 3350.)
    \4\ 12 CFR part 1102, subpart A.
---------------------------------------------------------------------------

II. Request for Temporary Waiver; Received Request

    On November 20, 2017, a letter requesting consideration of a 
temporary waiver was received by the ASC from TriStar Bank, a state-
chartered bank located in Dickson, Tennessee (the Requester). On 
November 30, 2017, ASC staff replied by letter to the Requester, in 
which ASC staff described the information required to file a completed 
waiver request pursuant to 12 CFR 1102.2 and 1102.3, subpart A, 
Temporary Waiver Requests. On January 22, 2018, the Requester submitted 
additional information (dated January 10, 2018) in response to the 
ASC's November 30, 2017 letter. Pursuant to 12 CFR 1102.4, the ASC is 
publishing a notice respecting the received request to give interested 
persons 30 days to comment, including submission of written data, views 
and arguments.
    You may view the received request by any of the following methods:
     Viewing Received Request Electronically: Go to https://www.asc.gov. In the ``What's New'' box on the home page, a link is 
provided to view the received request and supporting documentation.
     Viewing Received Request Personally: You may personally 
inspect the received request and supporting documentation at the ASC 
office, 1401 H Street NW, Suite 760, Washington, DC 20005. To make an 
appointment, please call Lori Schuster at (202) 595-7578.

III. Request for Comment

    The ASC seeks comment on all aspects of the received request, 
including submission of written data, views and arguments.
* * * * *

    By the Appraisal Subcommittee.

    Dated: March 6, 2018.
James R. Park,
Executive Director.
[FR Doc. 2018-04756 Filed 3-8-18; 8:45 am]
 BILLING CODE P

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