Skip to content

Expiration of Louisiana exception from FIRREA appraisal requirements

12/31/2017

The four federal financial institution regulatory agencies have issued a joint press release announcing the issuance of an exception from the FIRREA appraisal requirements for real estate-related financial transactions in the parishes declared to be in a major disaster area due to the severe storms and flooding in Louisiana. The agencies will not require financial institutions to obtain appraisals for affected transactions for the time period specified if certain conditions are met. The exception is being made under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and its implementing regulations. In addition, the FDIC issued FIL-70-2016 concerning the exception, which expires December 31, 2017.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Compliance Deadlines

By Status