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- Title
Effective Bank Valuation Programs-An Examiner's Perspective.
- Authors
Rawson, Richard G.
- Abstract
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires that at least once every ten years federal banking regulatory agencies review their regulations and consider how to reduce the regulatory burden. The second EGRPRA review was submitted to Congress on March 21, 2017. That report identified at least four appraisal-related areas for action by the regulators, including appraisal thresholds, appraiser shortages in rural areas, evaluations, and appraisal management companies. Each identified area has subsequently been subject to change or clarification in bank valuation programs. Professional appraisers must be well-informed about relevant changes in federal valuation regulation and guidance as well as in the administrative program processes pertaining to lender clients and real estate loan underwriting concepts. This article provides insights as to what examiners expect of financial institutions in conducting safe and sound valuation practices under current regulations and guidelines.
- Subjects
MORTGAGE loans; VALUATION; GOVERNMENT agencies; FINANCIAL institutions; FEDERAL regulation
- Publication
Appraisal Journal, 2019, Vol 87, Issue 2, p115
- ISSN
0003-7087
- Publication type
Article