Notice of Proposed Rulemaking on Appraisal Requirements for Higher-Risk Mortgages

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  On August 15, 2012, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency issued the attached Notice of Proposed Rulemaking (NPR) and request for comment on a proposed rule to implement the appraisal requirements for higher-risk mortgages of Section 1471 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1471 adds a new Section 129H to the Truth in Lending Act.
• Subject:
  Lending / Investments
• Dataset Download URL:
  https://www.fdic.gov/news/inactive-financial-institution-letters/2012/fil12036.pdf
• Format:
  PDF
• Release Date:
  08/16/2012
• Update Date:
  08/16/2012
• Withdrawn Date:
  Not Available
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of the Comptroller of the Currency (OCC) ; National Credit Union Administration (NCUA) ; Federal Housing Finance Agency ; Consumer Financial Protection Bureau (CFPB)
• Fdic Employee Involved:
  Beverlea S. Gardner ; Glenn S. Gimble ; Mark Mellon ; Kimberly Stock ; Sandra S. Barker
• Law Involved:
  Dodd-Frank Wall Street Reform and Consumer Protection Act ; Truth in Lending Act
• Related Regulation:
  12 CFR Part 1026
• Comment Period End Date:
  10/15/2012
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-36-2012
• Main Document Checksum:
  urn:sha256:c3fa126977dca278c552feded0bddfec7b52f9c44343353ab89c801e2e9d9882
• Download URL:
  https://archive.fdic.gov/view/fdic/7061/fdic_7061_DS1.pdf
• File Type:
  [PDF - 139.58 KB ]