Bankowość · 06/12/1994

Real Estate Appraisal Exceptions in Major Disaster Areas

The Depository Institutions Disaster Relief Act of 1992 allows federal financial institutions regulatory agencies to make exceptions to appraisal requirements for certain transactions in major disaster areas, facilitating recovery and ensuring safety and soundness. Exemptions apply to real property transactions in disaster-stricken areas, with specific expiration dates outlined in the SUPPLEMENTARY INFORMATION section.