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.