12 CFR 34.45 - Appraiser independence

Cite as12 CFR 34.45
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12 practice notes
  • Part III
    • United States
    • Federal Register July 30, 2008
    • 30 Julio 2008
    ...dated October 28, 2003, and Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. \105\ 12 CFR 225.65 (Board); 12 CFR 34.45 (OCC); 12 CFR 323.5 (FDIC); 12 CFR 564.5 (OTS); and 12 CFR 722.5 (NCUA). Some state legislatures have prohibited coercion of appraisers or enacted g......
  • Appraisals for Higher-Priced Mortgage Loans
    • United States
    • Federal Register December 26, 2013
    • 26 Diciembre 2013
    ...reduce foreclosures and further delinquencies. --------------------------------------------------------------------------- \42\ See OCC: 12 CFR 34.45(b)(2) and 12 CFR 164.5(b)(2); Board: 12 CFR 225.65(b)(2); FDIC: 12 CFR 323.5(b)(2); NCUA: 12 CFR Three national appraiser organizations and a......
  • Minimum Requirements for Appraisal Management Companies
    • United States
    • Federal Register April 09, 2014
    • 9 Abril 2014
    ...DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 34 Docket No. OCC-2014-0002 RIN 1557-AD64 FEDERAL RESERVE SYSTEM 12 CFR Parts 208 and 225 Docket No. R-1486 RIN 7100-AE15 FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Parts 323 and 390 RIN 3064-AE10 BUREAU OF C......
  • Appraisals for Higher-Priced Mortgage Loans
    • United States
    • Federal Register February 13, 2013
    • 13 Febrero 2013
    ...from same appraisal management company (AMC). --------------------------------------------------------------------------- \67\ See OCC: 12 CFR 34.45; Board: 12 CFR 225.65; FDIC: 12 CFR 323.5; NCUA: 12 CFR \68\ Appraisal Standards Board, Appraisal Foundation, Uniform Standards of Professiona......
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3 cases
  • Graham v. Bank of Am., N.A., D063779
    • United States
    • California Court of Appeals
    • 23 Mayo 2014
    ...Appraisals are “an opinion as to the market value” of a property prepared by a qualified independent appraiser. (12 C.F.R. §§ 34.42(a), 34.45 (2014); 12 Witkin, Summary of Cal. Law (10th ed. 2005) Real Property, § 498, p. 576.) It is an estimate of the price a buyer would be willing to pay ......
  • Lasalle Commercial Mortg. Sec., Inc. v. Bank of Am., N.A., Case No. 13 C 5605
    • United States
    • United States District Courts. 7th Circuit. United States District Court (Northern District of Illinois)
    • 21 Agosto 2014
    ...to be conducted in a manner that maintained appraisers' independence from the undue influence of LaSalle's loan production staff. See 12 C.F.R. § 34.45(a).6 Alleging breach of Representation and Warranty 36, Plaintiff lists specific ways in which LaSalle failed to comply with the OCC's appr......
  • Hahn v. Countrywide Home Loans Inc., Case No. 11-C-0261
    • United States
    • United States District Courts. 7th Circuit. United States District Court of Eastern District of Wisconsin
    • 6 Septiembre 2011
    ...inconsistent with the Uniform Standards of Professional Appraisal Practice and in violation of 12 U.S.C. § 3339 and 12 C.F.R. §§ 34.44 and 34.45," and that "defendants violated the above-mentioned statutes and regulations because they knew that doing so would induce plaintiffs to continue t......
2 firm's commentaries
  • Interim Final Rule on Real Estate Appraisals
    • United States
    • Mondaq United States
    • 4 Noviembre 2010
    ...and guidance of the federal banking agencies that prohibit conflicts of interest with respect to the appraisal function. See, e.g., 12 C.F.R. §34.45 (OCC regulation) and the Interagency Appraisal and Evaluation Guidelines (FDIC FIL-74-94, November 11, 1994). The HVCC, issued in December 200......
  • Interim Final Rule on Real Estate Appraisals
    • United States
    • JD Supra United States
    • 2 Noviembre 2010
    ...A person who has applied for a mortgage loan to buy a home may not perform the Valuation for that loan transaction because he/she has an interest in the property ...

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