Summary: | The federal financial regulatory agencies are issuing the attached Interagency Appraisal and Evaluation Guidelines (Guidelines) to update and replace existing supervisory guidance to reflect changes in appraisal and evaluation practices. The Guidelines build on longstanding, prudent standards for valuing real property. The Guidelines clarify that an analytical method or technological tool, such as an automated valuation model, cannot be substituted for an appraisal when the transaction requires an appraisal. Further, the Guidelines enhance the requirements for collateral valuation methods for transactions that permit the use of an evaluation. |
Highlights: The Guidelines, including the appendices
Distribution:
Suggested Routing:
Contact: Beverlea S. Gardner, Senior Examination Specialist, at BGardner@FDIC.gov or (202) 898 3640
Note:
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Additional Related Topics:
- Part 323 of the FDIC Rules and Regulations
- Frequently Asked Questions on Residential Tract Development Lending, FIL-90-2005
- Credit Risk Management Guidance for Home Equity Lending, FIL-45-2005
- Frequently Asked Questions on the Appraisal Regulations and the Interagency Statement on Independent Appraisal and Evaluation Functions, FIL-20-2005