{"id":"AGY-FED-FINANCIAL-017","kind":"order","level":"federal","jurisdiction":"United States; OCC, Federal Reserve Board and FDIC (federal interagency)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"OCC, Board of Governors and FDIC","authority":"12 U.S.C. § 3339; § 3341(b)","instrument":"Interim final rule, Real Estate Appraisals, 85 Fed. Reg. 21312 (Apr. 17, 2020)","title":"Real Estate Appraisals","dateIssued":"2020-04-17","effective":"2020-04-17","end":"2020-12-31 (deferral available for transactions closed on or before Dec. 31, 2020)","startDate":"2020-04-17","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["OTHER"],"addressees":["national banks, federal savings associations, State member and nonmember banks"],"clause":"[The interim final rule] defers the requirement to obtain an appraisal or evaluation [for up to 120 days following the closing of certain residential and commercial real estate transactions]. DATES: The interim final rule is effective [April 17, 2020].","enforcement":"12 C.F.R. parts 34, 225, 323; 12 U.S.C. § 1818","functions":["ML mortgage lending","BL commercial real estate lending","AP appraisals","CB"],"notes":"Force-of-law amendment of the appraisal regulations; the agencies acted because \u0027social distancing\u0027 and stay-home orders prevented interior appraisals","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-04-17/pdf/2020-08216.pdf","snapshot":"","fileExists":true,"fileBytes":255423,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-017","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-017","citation":"OCC, Board of Governors and FDIC, Interim final rule, Real Estate Appraisals, 85 Fed. Reg. 21312 (Apr. 17, 2020) (Ex. AGY-FED-FINANCIAL-017)","stateName":"","related":["AGY-FED-FINANCIAL-026"]}