### Question
How is the term Chairperson” means the Chairperson of the Appraisal Subcommittee selected by the council.[1](#3350_1_target)


#### (9) Foundation


The terms “Appraisal Foundation” and “Foundation defined?


### Answer
The term **Chairperson” means the Chairperson of the Appraisal Subcommittee selected by the council.[1](#3350_1_target)


#### (9) Foundation


The terms “Appraisal Foundation” and “Foundation** is defined in *12 U.S.C. § 3350* as the following:

> the Appraisal Foundation established on November 30, 1987, as a not for profit corporation under the laws of Illinois

#### Citation:
  - *12 U.S.C. § 3350*
  - Heading: **CHAPTER 34A-APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL**

