The Federal Reserve Board, OCC and FDIC adopted an interim final rule which defers certain regulations requiring an appraisal or evaluation of real estate.
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The OCC, the Federal Reserve Board and the FDIC approved a revised definition of the "high volatility commercial real estate loan" under their respective regulatory capital rules.
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
The Office of the Comptroller of the Currency (the "OCC") corrected the OCC's Regulatory Flexibility Act ("RFA") certification pursuant to a proposal to amend the definition of "high volatility commercial real estate (HVCRE) exposure" in the agencies' respective regulatory capital rules. As previously covered , the proposal is intended to conform the proposed definition of "high volatility commercial real estate acquisition, development, or construction (HVCRE ADC) loan" to the requirements of Section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act . According to the
The Office of the Comptroller of the Currency and other federal agencies issued a final rule and interpretations on threshold exemptions from special appraisal requirements for higher-priced mortgage loan transactions.