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AppraisalsThe value of the collateral securing the loan is a significant risk factor in real estate lending, so it is essential for banks to have adequate appraisal and evaluation programs in place. Appraisals are professional judgments of the market value of real property based on a variety of market factors. You will find the standards for real estate lending and associated activities by national banks in Real Estate Lending and Appraisals (12 CFR 34) Learn More Interagency Appraisal and Evaluation: Appendix E (Commercial Real Estate and Construction Lending, Comptroller’s Handbook, March 1998) References Appraisal Regulations and the Interagency Statement on Independent Appraisal and Evaluation Functions (OCC 2005-6, March 2005), FAQ Appraisals: Affordable Housing Loans and Market Value (OCC 1995-16, March 1995), Interagency Statement Independent Appraisal and Evaluation Functions (AL 2003-9, October 2003) Part 34: Real Estate Lending, Appraisals (OCC 1996-22, April 1996), Final Rule (Federal Register 1996) Real Estate Appraisals (OCC 1994-37, June 1994), Final Rule (Federal Register June 7, 1994) Residential Tract Development Lending (OCC 2005-32, September 2005), FAQ Revisions to Uniform Standards of Professional Appraisal Practice (USPAP) (OCC 2006-27, June 2006), Interagency Statement, FAQ |