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OCC 2006-27
Subject: 2006 Revisions to Uniform Standards of Professional Appraisal Practice
Date: June 22, 2006 To: Chief Executive Officers of All National Banks and National Bank Operating Subsidiaries, Department and Division Heads, and All Examining Personnel
Description: Joint Interagency Statement and FAQsThe Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Administration are jointly issuing the attached document to alert regulated institutions to revisions in Uniform Standards of Professional Appraisal Practice effective July 1, 2006. This statement highlights the revisions and reminds banks to consider the ramifications of the revisions to their appraisal practices. To promote a better understanding of the revisions, the Appraisal Standards Board has issued a frequently asked question (FAQ) document. The FAQ is provided as an attachment. For further information concerning the matters discussed in this bulletin or the attachment, please contact the Credit and Market Risk Department at (202) 874-5170 or your supervisory office. Kathryn E. Dick Related Links |
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