Requires annual status reports to the Congress regarding such housing programs. Repeals the limitation placed on: (1) the lawful contract interest rate receivable by Federal Home Loan Bank member and non-member borrowers; and (2) the interest rate payable on demand accounts by financial institutions under the Federal Home Loan Bank Board's jurisdiction. Establishes the RTC as the successor to FSLIC conservatorship and receivership functions. Provides that upon RTC termination all its assets and liabilities shall be transferred to the FSLIC Resolution Fund. House . Mandates that each State whose appraiser certification and licensing program complies with this Act transmit to such Subcommittee an annual roster of appraisers eligible to conduct federally-related transactions. Requires such funds to be separately maintained and not commingled. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted real property appraisal standards and requires USPAP compliance for appraisers in federally related transactions. Prohibits a financial institution which has been served a grand jury subpoena relating to possible crimes against financial institutions or regulatory agencies from notifying any person named in the subpoena about the existence or contents of any subpoena or any information that has been furnished to the grand jury in response to that subpoena. Title 12 Part 722 12 CFR Part 722 Temporary Exceptions to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) Appraisal Requirements in Areas Affected by Severe Storms and Flooding Related to Hurricanes Harvey, Irma, and Maria; Federal Register Vol. § 1818(e).' Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), also known as An Act to Reform, Recapitalize, and Consolidate the Federal Deposit Insurance System, to Enhance the Regulatory and Enforcement Powers of Federal Financial Institutions Regulatory Agencies, and for Other Purposes; Public Law 101-73, 101st Congress, H.R. Requires such agency to take the FDIC's comment into account in deciding whether to grant the application. Sets forth special rules for savings associations under which goodwill must be included in the determination of tangible capital to the extent that it is considered a component of capital under the Home Owner's Loan Act. Requires such plan to be submitted to the Congress before 1990. Places a five-year moratorium on the approval of such conversion transactions, except in limited circumstances. An Examination of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 Observations on the Financial Institutions Reform, Recovery and Enforcement Act of 1989 T-AFMD-89-10: Published: Jun 1, 1989. Establishes a criminal penalty for participation in the affairs of either a bank holding company or a savings and loan holding company by individuals who are prohibited from engaging in the affairs of a financial institution. Specifies that all insurance payments made on account of a closed bank or insured branch of a foreign bank shall be made only from the Bank Insurance Fund and all payments made on account of a closed savings association shall be made only from the Savings Association Insurance Fund. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989(FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. [description] => Resolving Differences 3331 -3351]. Transfers to such Fund the reserves and assets, debts, obligations, contracts, and other liabilities of the FSLIC existing on the date of the dissolution of the FSLIC. [chamberOfAction] => House It established the Resolution Trust Corporation to close hundreds of insolvent thrifts … Section was enacted as part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and not as part of the Federal Deposit Insurance Act … [externalActionCode] => 8000 Directs the Secretary of the Treasury to promulgate regulations with respect to the tax treatment of financial institutions receiving Federal financial assistance. Subtitle D: Right to Financial Privacy Act - Amends the Right to Financial Privacy Act to specify that the exceptions to the requirements of such Act apply to supervisory agencies of any financial institution, holding company, or any subsidiary of a financial institution or holding company. Specifies that such Fund shall be managed by the FDIC and shall be separately maintained and not commingled. It established the Resolution Trust Corporation to close hundreds of insolvent thrifts … Title VII: Federal Home Loan Bank System Reforms - Subtitle A: Federal Home Loan Bank Act Amendments - Amends the Federal Home Loan Bank Act to establish the Federal Housing Finance Board as an independent agency in the executive branch to supervise the Federal home loan banks. [externalActionCode] => 36000 Financial Institutions Reform, Recovery, and Enforcement Act of 1989--(H.R. Statutory Framework In August 1989, Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”). Shown Here: Conference report filed in House (08/04/1989) Financial Institutions Reform, Recovery, and Enforcement Act of 1989 - Title I: Purposes - Specifies the purposes of this Act, including regulatory reform, the establishment of an independent insurance agency to provide deposit insurance, and the provision of improved supervision and enhanced enforcement powers. The Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA) is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. 0 Requires the RTC to terminate by December 31, 1996, and establishes the FDIC as successor to RTC conservatorships or receiverships. Terminates the Board within 60 days after it has fulfilled its responsibilities. Authorizes the FDIC to take enforcement actions against savings associations if the DOTS has failed to take such action after being requested by the FDIC. 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