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Ex. AGY-FED-FINANCIAL-040 Order Primary source read

Interim final rule, Real Estate Appraisals, 85 Fed. Reg. 22014 (Apr. 21, 2020)

Real Estate Appraisals

NCUA Board · United States; National Credit Union Administration (federal) (Federal)

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The COVID Project

The record

Jurisdiction
United States; National Credit Union Administration (federal)
Level
Federal
Authority
12 U.S.C. §§ 3339, 3341; § 1766(a)
Issued
2020-04-21 Apr. 21, 2020
Effective
2020-04-21
End
2020-12-31
In force
Apr. 21, 2020 to Dec. 31, 2020
Quarters
2020 Q22020 Q32020 Q4
Limitation types
Other
Addressees
  • federally insured credit unions
Functions reached
  • ML mortgage lending
  • BL commercial real estate lending
  • AP appraisals
  • CB
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

Real Estate Appraisals [interim final rule permitting federally insured credit unions to] defer appraisals and written estimates of market value for up to 120 days after the closing of a loan [through December 31, 2020]

Enforcement

12 C.F.R. part 722

Notes

Credit-union counterpart of Ex. 017; Letter 20-CU-10 (Ex. 103) explains it

Retrieval note

Federal Register PDF read; bracketed summary drawn from Letter 20-CU-10's description of the rule.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.