American Bankers Association
OCCNonrulemakingOCC-2023-0007

Guidance: Reconsiderations of Value of Residential Real Estate Valuations

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American Bankers Association filings
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American Bankers Association filed 1 comment on this docket between Sep 19, 2023 and Sep 19, 2023. 8 other organizations filed here. The comment window closed 1043d ago.

What American Bankers Association filed (1)

Sep 19, 2023· OCC-2023-0007-0013

Joint Guidance on Reconsiderations of Value of Residential Real Estate Valuations (document attached)

Abstract

The Board, CFPB, FDIC, NCUA, and OCC (together, the agencies) are issuing proposed guidance that would highlight risks associated with deficient residential real estate valuations and describe how financial institutions may incorporate reconsiderations of value (ROV) processes and controls into established risk management functions. The proposed guidance would also highlight examples of policies and procedures that a financial institution may choose to establish to help identify, address, and mitigate the risk of discrimination impacting residential real estate valuations.

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