Federal Banking Agencies Defer Some Appraisals, Evaluations

The federal banking agencies on April 14 issued an interim final rule to temporarily defer appraisals and evaluations under the agencies' interagency appraisal regulations. Certain appraisals and evaluations for residential and commercial properties are deferred for up to 120 days after closing a loan transaction. The interim rule excludes transactions involving acquisition, development, and construction of real estate.

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