12 CFR § 1102.9 - Waiver termination.

---
identifier: "/us/cfr/t12/s1102.9"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1102.9 - Waiver termination."
title_number: 12
title_name: "Banks and Banking"
section_number: "1102.9"
section_name: "Waiver termination."
chapter_name: "FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL"
part_number: "1102"
part_name: "APPRAISER REGULATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
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)."
cfr_part: "1102"
---


# 1102.9 Waiver termination.

(a) *Mandatory waiver termination.* The ASC shall terminate a temporary waiver Order when the ASC determines that significant delays in the performance of appraisals by certified or licensed appraisers no longer exist.

(b) *Discretionary waiver termination.* The ASC at any time may terminate a waiver Order on the finding that the terms and conditions of the waiver Order are not being satisfied.

(c) *Publication in the* *Federal Register.* The ASC shall publish either a mandatory or discretionary waiver termination in the *Federal Register,* and a discretionary waiver termination requires such publication with a 30-day comment period. In the absence of further ASC action to the contrary, a discretionary waiver termination automatically becomes final 21 calendar days after the close of the comment period. A mandatory waiver termination is final upon such a determination being made by the ASC.