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Resources for bankers


The value of the collateral securing the loan is a significant risk factor in real estate lending, so it is essential for banks to have adequate appraisal and evaluation programs in place. Appraisals are professional judgments of the market value of real property based on a variety of market factors. You will find the standards for real estate lending and associated activities by national banks in Real Estate Lending and Appraisals (12 CFR 34)

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Interagency Appraisal and Evaluation Guidelines: OCC 2010-42 (December 10, 2010)

AL = Advisory Letter

Real Estate Lending: Interagency Advisory on the Use of Evaluations in Real Estate-Related Financial Transactions (OCC 2016-8, March 2016), Interagency Advisory (PDF)
Describes existing supervisory expectations, guidance, and industry practice for using evaluations instead of appraisals when estimating the market value of real property securing real estate-related financial transactions

Appraisal Regulations and the Interagency Statement on Independent Appraisal and Evaluation Functions (OCC 2005-6, March 2005), FAQ
Clarifies standards for independence within appraisal and real estate lending regulations

Appraisals: Affordable Housing Loans and Market Value (OCC 1995-16, March 1995), Interagency Statement
Clarifies the position of the federal financial regulatory agencies on the use of appraisals for affordable housing loans

Part 34: Real Estate Lending, Appraisals (OCC 1996-22, April 1996), Final Rule (Federal Register 1996)
Addresses revision of OCC rules governing real estate lending as part of its Regulation Review Program

Real Estate Appraisals (OCC 1994-37, June 1994), Final Rule (Federal Register June 7, 1994)
Addresses the use of real estate appraisals and evaluations to support real estate-related financial transactions by national banks

Residential Tract Development Lending (OCC 2005-32, September 2005), FAQ
Addresses appraisal and real estate lending requirements for financing residential tract developments