12 CFR Part 164 - APPRAISALS | Title 12 - Banks and Banking | Code of Federal Regulations

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Authority:

12 U.S.C. 1462, 1462a, 1463, 1464, 1828(m), 3331 et seq, 5412(b)(2)(B).

Source:

76 FR 49062, Aug. 9, 2011, unless otherwise noted.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

2013-02-13; vol. 78 # 30 - Wednesday, February 13, 2013

78 FR 10368 - Appraisals for Higher-Priced Mortgage Loans

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2013-01809
RIN	1557-AD62
Docket No.	OCC-2012-0013
Docket No.	R-1443
Docket No.	CFPB-2012-0031

DEPARTMENT OF THE TREASURY, FEDERAL RESERVE SYSTEM, NATIONAL CREDIT UNION ADMINISTRATION, FEDERAL HOUSING FINANCE AGENCY, BUREAU OF CONSUMER FINANCIAL PROTECTION, Office of the Comptroller of the Currency

Final rule; official staff commentary.

This final rule is effective on January 18, 2014.

12 CFR Parts 34 and 164

Summary

The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are issuing a final rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z implement a new provision requiring appraisals for “higher-risk mortgages” that was added to TILA by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act or Act). For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the final rule requires creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 164 after this date.

2013-02-13; vol. 78 # 30 - Wednesday, February 13, 2013

78 FR 10368 - Appraisals for Higher-Priced Mortgage Loans

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2013-01809
RIN	1557-AD62
Docket No.	OCC-2012-0013
Docket No.	R-1443
Docket No.	CFPB-2012-0031

DEPARTMENT OF THE TREASURY, FEDERAL RESERVE SYSTEM, NATIONAL CREDIT UNION ADMINISTRATION, FEDERAL HOUSING FINANCE AGENCY, BUREAU OF CONSUMER FINANCIAL PROTECTION, Office of the Comptroller of the Currency

Final rule; official staff commentary.

This final rule is effective on January 18, 2014.

12 CFR Parts 34 and 164

Summary

The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are issuing a final rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z implement a new provision requiring appraisals for “higher-risk mortgages” that was added to TILA by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act or Act). For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the final rule requires creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.

2012-09-05; vol. 77 # 172 - Wednesday, September 5, 2012

77 FR 54722 - Appraisals for Higher-Risk Mortgage Loans

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-20432
RIN	1557-AD62
Docket No.	OCC-2012-0013
Docket No.	R-1443
Docket No.	CFPB-2012-0031

DEPARTMENT OF THE TREASURY, NATIONAL CREDIT UNION ADMINISTRATION, FEDERAL HOUSING FINANCE AGENCY, BUREAU OF CONSUMER FINANCIAL PROTECTION, BOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM, Office of the Comptroller of the Currency

Proposed rule; request for public comment.

Comments must be received on or before October 15, 2012, except that comments on the Paperwork Reduction Act analysis in part VIII of the Supplementary Information must be received on or before November 5, 2012.

12 CFR Parts 34 and 164

Summary

The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are proposing to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The proposed revisions to Regulation Z would implement a new TILA provision requiring appraisals for “higher-risk mortgages” that was added to TILA as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the proposed rule would require creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.

12 CFR Part 164 - APPRAISALS

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