Agencies Release Updated FAQs on Appraisal Regulations

In response to recent questions concerning appraisal regulations and guidance, the federal banking agencies today issued a set of FAQs intended to offer additional clarification. The FAQs — which the agencies said do not introduce new policy or guidance — address a range of topics including regulatory and statutory requirements relating to appraisals and evaluations; review of appraisals and evaluations by financial institutions; exemptions in the appraisal rule; development of appraisals and evaluations; and appraisal independence.

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About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.