Online: Appraisal Standards
The purpose of Regulation Y is to ensure that real estate appraisals are performed by competent appraisers in accordance with uniform standards. The goal is to strengthen real estate loans and investments by assuring that the appraisal values used in lending decisions are reliable. The appraisal regulations are designed to help financial institutions avoid losses resulting from overvalued real estate collateral. They apply to certain real estate transactions involving institutions whose deposits are insured by the federal government. This module will provide compliance officers with a complete guide to the appraisal standards they need to ensure are in place at their banks.
This program contains 1 module(s).
1 CPE Credit(s)
Category: Compliance - Bank Specific