---
kind: "section"
citation: "12 C.F.R. § 1102.401"
title: "12"
number: "1102.401"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/1102.401"
---

# §1102.401. Definitions.


For purposes of this subpart:

- (a) AMC Registry means the national registry maintained by the ASC of those AMCs that meet the Federal definition of AMC, as defined in [12 U.S.C. 3350(11)](/usc/12/3350.md?p=11), are registered by a State or are Federally regulated, and have paid the annual AMC registry fee.

  (b) AMC Rule means the interagency final rule on minimum requirements for AMCs. ([12 CFR 34.210-34.216](/cfr/12/34.210-34.216.md); [12 CFR 225.190-225.196](/cfr/12/225.190-225.196.md); [12 CFR 323.8-323.14](/cfr/12/323.8-323.14.md); [12 CFR 1222.20-1222.26](/cfr/12/1222.20-1222.26.md)).

- (c) ASC means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council established under [section 1102](/cfr/12/1102.md) ([12 U.S.C. 3310](/usc/12/3310.md)) as it amended the Federal Financial Institutions Examination Council Act of 1978 ([12 U.S.C. 3301](/usc/12/3301.md) et seq.) by adding [section 1011](/cfr/12/1011.md).
- (d) Performed an appraisal means the appraisal service requested of an appraiser by the AMC was provided to the AMC.
- (e) State means any State, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the United States Virgin Islands, and American Samoa.
- (f) **Other terms.** Definitions of: Appraisal management company (AMC); appraisal management services; appraisal panel; consumer credit; covered transaction; dwelling; Federally regulated AMC are incorporated from the AMC Rule by reference.

## Notes

### Source

Source: 82 FR 44501, Sept. 25, 2017, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 3348(a), 3332, 3335, 3338 (a)(4)(B), 3348(c), 5 U.S.C. 552a, 553(e); Executive Order 12600, 52 FR 23781 (3 CFR, 1987 Comp., p. 235).