Real Estate Appraisals

30 organizations filed 30 public comments on Real Estate Appraisals, at the Office of the Comptroller of the Currency. The comment window closed 2730d ago.

Abstract

The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies' regulations requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000. Consistent with the requirement for other transactions that fall below applicable thresholds, regulated institutions would be required to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices. The proposed rule would make conforming changes to add transactions secured by residential property in rural areas that have been exempted from the agencies' appraisal requirement pursuant to the Economic Growth, Regulatory Relief and Consumer Protection Act to the list of exempt transactions. The proposed rule would require evaluations for these exempt transactions. Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the proposed rule would amend the agencies' appraisal regulations to require regulated institutions to subject appraisals for federally related transactions to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice.

Commenters (30)

• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• American National Bankunverified attribution

  1 filing · confidence 70%
• Appraisal Institutetrade assoc.

  1 filing · confidence 85%
• Arizona Farm Bureau Federationtrade assoc.

  1 filing · confidence 97%
• Association of Texas Appraiserstrade assoc.

  1 filing · confidence 85%
• Bank Policy Institutetrade assoc.

  1 filing · confidence 97%
• California Association of REALTORStrade assoc.

  1 filing · confidence 85%
• California Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Citizens' Housing and Planning Associationtrade assoc.

  1 filing · confidence 85%
• Conference of State Bank Supervisorstrade assoc.

  1 filing · confidence 85%
• Consumer Bankers Associationtrade assoc.

  1 filing · confidence 85%
• First International Bank & Trustunverified attribution

  1 filing · confidence 70%
• First National Bankunverified attribution

  1 filing · confidence 70%
• Housing Assistance Counciltrade assoc.

  1 filing · confidence 85%
• Housing Policy Counciltrade assoc.

  1 filing · confidence 85%
• INDEPENDENT BANKERS ASSOCIATION OF TEXAStrade assoc.

  1 filing · confidence 85%
• Independent Community Bankers Associationtrade assoc.

  1 filing · confidence 85%
• International Bancshares Corporationunverified attribution

  1 filing · confidence 70%
• Iowa Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Association of Appraiserstrade assoc.

  1 filing · confidence 85%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• North Carolina Real Estate Appraiser Associationtrade assoc.

  1 filing · confidence 85%
• Oregon Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Real Estate Valuation Advocacy Associationtrade assoc.

  1 filing · confidence 85%
• The Appraisal Foundationtrade assoc.

  1 filing · confidence 85%
• The Louisiana Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Tri City National Bankunverified attribution

  1 filing · confidence 70%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%