12 CFR 34.43 - Appraisals required; transactions requiring a State certified or licensed appraiser
| Cite as | 12 CFR 34.43 |
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23 practice notes
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Appraisals for Higher-Priced Mortgage Loans
...costs and, in the case of the NCUA, no obvious and material change in market conditions or physical adequacy of the collateral. See OCC: 12 CFR 34.43 and 164.3; Board: 12 CFR 225.63; FDIC: 12 CFR 323.3; NCUA: 12 CFR 722.3. See also OCC, Board, FDIC, NCUA, Interagency Appraisal and Evaluatio......
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Part III
...of Thrift Supervision, ``Interagency Appraisal and Evaluation Guidelines,'' SR Letter 94-55 (Oct. 28, 1994); see also 12 CFR 225.63 (FRB); 12 CFR 34.43 (OCC); 12 CFR 323.3 (FDIC); 12 CFR 564.3 (OTS). ``Appraisal'' is defined in federal banking agency regulations relating to appraisal standa......
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Appraisals for Higher-Priced Mortgage Loans
...Board: 12 CFR 225.62(f); FDIC: 12 CFR 323.2(f); and NCUA: 12 CFR 722.2(e) (defining ``federally related transaction''). \27\ See OCC: 12 CFR 34.43(a)(1); Board: 12 CFR 225.63(a)(1); FDIC: 12 CFR 323.3(a)(1); and NCUA: 12 CFR \28\ See 12 U.S.C. 3339, 3350(4) (defining ``federally related tra......
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Appraisals for Higher-Risk Mortgage Loans
...rendered in connection with federally related transactions * * * if the transaction value is $250,000 or more.'' See, e.g., OCC: 12 CFR 34.43(d). --------------------------------------------------------------------------- Question 3: The Agencies request comment on whether the rule should a......
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5 cases
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People v. First American Corp.
...these claims relate directly to the processing and origination of mortgages. Appraisals are required for many real-estate transactions. 12 C.F.R. 34.43 (requiring a certified or licensed appraisal for all real-estate financial transactions except those falling within enumerated exceptions).......
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People v. First American Corp.
...these claims relate directly to the processing and origination of mortgages. Appraisals are required for many real-estate transactions. 12 C.F.R. 34.43 (requiring a certified or licensed appraisal for all real-estate financial transactions except those falling within enumerated exceptions).......
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People v. First American Corp., No. 184
...these claims relate directly to the processing and origination of mortgages. Appraisals are required for many real-estate transactions. 12 C.F.R. 34.43 (requiring a certified or licensed appraisal for all real-estate financial transactions except those falling within enumerated exceptions).......
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Henry v. J.P. Morgan Chase Bank, B249535
...part 34, which requires lenders to obtain appraisals for real estate related financial transactions unless certain exceptions apply (12 C.F.R. § 34.43), and further requires that such appraisals "[c]onform to generally accepted appraisal standards as evidenced by the Uniform Standards of Pr......
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4 firm's commentaries
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Federal Banking Agencies Defer Appraisals and Evaluations for Real Estate Transactions
...is effective immediately upon publication in the Federal Register and will expire for transactions closing after December 31, 2020. 12 C.F.R. §§ 34.43(f)(3), 225.63(f)(3) and 323.3(g)(3). The Banking Agencies found good cause to forego the 30-day delayed effective date under the Administrat......
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Agencies Offer Solutions to Shortage of Residential Real Estate Appraisers
...require appraisals to be conducted for, inter alia, all residential transactions with a value of $250,000 or more, see, e.g., 12 C.F.R. § 34.43(a), and state-certified appraisers are required in certain high dollar value and complex transactions. See, e.g., 12 C.F.R. § 34.43(d). Furthermore......
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Key Mortgage Servicing Takeaways from S. 2155
...for a transaction for which the relevant federal financial regulatory agency requires an appraisal (under 12 C.F.R. §§ 225.63(c), 323.3(c), 34.43(c), or 722.3(e), as applicable) or a transaction that is a high-cost mortgage as defined in Section 103 of TILA. The new section also prohibits a......
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Agencies Offer Solutions To Shortage Of Residential Real Estate Appraisers
...require appraisals to be conducted for, inter alia, all residential transactions with a value of $250,000 or more, see, e.g., 12 C.F.R. § 34.43(a), and state-certified appraisers are required in certain high dollar value and complex transactions. See, e.g., 12 C.F.R. § 34.43(d). Furthermore......