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.
FEMA publishes final rule allowing monthly payments for flood insurance premiums
FEMA said offering monthly payment options would “reduce barriers" to purchasing flood insurance” and make it more accessible.