12 C.F.R. §34.43 - Appraisals required; transactions requiring a State certified or licensed appraiser

Cite as12 C.F.R. §34.43
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5 cases
  • People v. First American Corp.
    • United States
    • New York Court of Appeals
    • November 22, 2011
    ...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).......
  • People v. First American Corp.
    • United States
    • New York Court of Appeals
    • November 22, 2011
    ...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).......
  • People v. First American Corp.
    • United States
    • New York Court of Appeals
    • November 22, 2011
    ...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).......
  • Henry v. J.P. Morgan Chase Bank, B249535
    • United States
    • California Court of Appeals
    • April 16, 2014
    ...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
  • Federal Banking Agencies Defer Appraisals and Evaluations for Real Estate Transactions
    • United States
    • JD Supra United States
    • April 17, 2020
    ...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......
  • Key Mortgage Servicing Takeaways from S. 2155
    • United States
    • JD Supra United States
    • June 22, 2018
    ...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......
  • Agencies Offer Solutions to Shortage of Residential Real Estate Appraisers
    • United States
    • LexBlog United States
    • June 1, 2017
    ...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......
  • Agencies Offer Solutions To Shortage Of Residential Real Estate Appraisers
    • United States
    • Mondaq United States
    • June 2, 2017
    ...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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