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2017-07-29
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Real Estate Appraisals
Proposed Rules
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D09002ee1bdbbd45b
United States
Department of the Treasury
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org
United States Government Agency or Subagency
United States
Office of the Comptroller of the Currency
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United States Government Agency or Subagency
United States
Federal Reserve System
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United States Government Agency or Subagency
United States
Federal Deposit Insurance Corporation
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United States Government Agency or Subagency
The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies' regulations requiring appraisals of real estate for certain transactions. The proposal would increase the threshold level at or below which appraisals would not be required for commercial real estate transactions from $250,000 to $400,000. This proposed change to the appraisal threshold reflects comments the agencies received through the regulatory review process required by the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and completed in early 2017. For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.
82 FR 35478
https://www.govinfo.gov/app/details/FR-2017-07-31/2017-15748
2017-15748
fr31jy17-15
RIN 1557-AE18
RIN 3064 AE56
P
Docket No. OCC-2017-0011
Docket No. R-1568
RIN 7100 AE-81
https://www.govinfo.gov/app/details/FR-2017-07-31/2017-15748
https://www.govinfo.gov/content/pkg/FR-2017-07-31/html/2017-15748.htm
https://www.govinfo.gov/content/pkg/FR-2017-07-31/pdf/2017-15748.pdf
Administrative Practice and Procedure
Banking
Federal Reserve System
Capital Planning
Holding Companies
Securities
Stress Testing
Appraisal
Appraiser
Banks
Banking
Consumer Protection
Credit
Mortgages
National Banks
Reporting and Recordkeeping Requirements
Savings Associations
Truth in Lending
16 p.
35478
35493
82 FR 35478
Code of Federal Regulations
Title 12 Part 225
12 CFR Part 225
Code of Federal Regulations
Title 12 Part 323
12 CFR Part 323
Code of Federal Regulations
Title 12 Part 34
12 CFR Part 34
Regulation Identification Number 1557-AE18
RIN 1557-AE18
Regulation Identification Number 3064 AE56
RIN 3064 AE56
Real Estate Appraisals; Federal Register Vol. 82, Issue
PRORULE
2017-15748
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
2017-09-29
Docket No. OCC-2017-0011
Docket No. R-1568
RIN 7100 AE-81
P
2017-15748
Notice of proposed rulemaking and request for comment.
The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies' regulations requiring appraisals of real estate for certain transactions. The proposal would increase the threshold level at or below which appraisals would not be required for commercial real estate transactions from $250,000 to $400,000. This proposed change to the appraisal threshold reflects comments the agencies received through the regulatory review process required by the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and completed in early 2017. For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.
Comments must be received by September 29, 2017.
OCC: G. Kevin Lawton, Appraiser (Real Estate Specialist), (202) 649-7152, Mitchell E. Plave, Special Counsel, Legislative and Regulatory Activities Division, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, or Christopher Manthey, Special Counsel, or Joanne Phillips, Attorney, Bank Activities and Structure Division, (202) 649-5500, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.
Administrative Practice and Procedure
Banking
Federal Reserve System
Capital Planning
Holding Companies
Securities
Stress Testing
Appraisal
Appraiser
Banks
Banking
Consumer Protection
Credit
Mortgages
National Banks
Reporting and Recordkeeping Requirements
Savings Associations
Truth in Lending
Real Estate Appraisals
,
Comments@FDIC.gov
oira_submission@omb.eop.gov
regs.comments@federalreserve.gov
regs.comments@occ.treas.gov
http://www.appraisalfoundation.org/imis/TAF/Standards/Appraisal_Standards/Uniform_Standards_of_Professional_Appraisal_Practice/TAF/USPAP.aspx?hkey=a6420a67-dbfa-41b3-9878-fac35923d2af
http://www.costar.com/News/Article/Federal-Reserves-Flow-of-Funds-To-Incorporate-CoStar-Groups-Price-Indices/138998
http://www.FDIC.gov/regulations/laws/federal/propose.html
http://www.federalreserve.gov
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
http://www.frbsf.org/economic-research/indicators-data/pce-personal-consumption-expenditure-price-index-pcepi/
http://www.regulations.gov
https://www.bea.gov/national/consumer_spending.htm
https://www.bls.gov/cpi/
https://www.fdic.gov/bank/historical/history/137_165.pdf
https://www.fdic.gov/regulations/resources/call/index.html
https://www.fdicig.gov/reports13/13-002EV.pdf
https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FL075035503&t=&bc=:FI075035503,FL075035503&suf=Q
https://www.federalreserve.gov/apps/fof/SeriesStructure.aspx
https://www.federalreserve.gov/releases/z1/current/default.htm
https://www.ffiec.gov/pdf/2017_FFIEC_EGRPRA_Joint-Report_to_Congress.pdf
https://www.ffiec.gov/pdf/FFIEC_forms/FFIEC031_201703_f.pdf
https://www.sba.gov/sites/default/files/files/Size_Standards_Table.pdf
Portal-Regulations.gov
Regulations.gov
www.ffiec.gov/hmda/
www.regulations.gov
Federal Register
Vol. 82, no. 145
Office of the Federal Register, National Archives and Records Administration
2017-07-31
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Table of Contents:
AE 2.7:
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AE 2.106:
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https://www.govinfo.gov/app/details/FR-2017-07-31
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https://www.govinfo.gov/app/details/FR-2017-07-31
https://www.govinfo.gov/content/pkg/FR-2017-07-31/pdf/FR-2017-07-31.pdf
https://www.govinfo.gov/content/pkg/FR-2017-07-31/xml/FR-2017-07-31.xml
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