The Federal Financial Institutions Examinations Council (FIRREA) is a formal federal interagency body empowered to make recommendations to promote uniformity in the supervision of financial institutions and to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the: 1.    Board of Governors of the … Continue reading

Dodd-Frank Frank Law

Subtitle F–Appraisal Activities SEC. 1471. PROPERTY APPRAISAL REQUIREMENTS. Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is amended by inserting after 129G (as added by section 1464(b)) the following new section: “Sec. 129H. <<NOTE: 15 USC 1639h.>> Property appraisal requirements “(a) In General.–A creditor may … Continue reading

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