APPRAISAL OF PROPERTY UPON TRANSFER TO OTHER REAL ESTATE OWNED/INSTRUCTIONS TO APPRAISER (12 CFR 7.3025)

ICR 198608-1557-005

OMB: 1557-0153

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1557-0153 198608-1557-005
Historical Active 198602-1557-012
TREAS/OCC
APPRAISAL OF PROPERTY UPON TRANSFER TO OTHER REAL ESTATE OWNED/INSTRUCTIONS TO APPRAISER (12 CFR 7.3025)
Revision of a currently approved collection   No
Regular
Approved without change 08/18/1986
Retrieve Notice of Action (NOA) 08/13/1986
  Inventory as of this Action Requested Previously Approved
08/31/1989 08/31/1989 11/30/1986
2,871 0 2,871
4,815 0 4,815
0 0 0

THIS RECORDKEEPING REQUIREMENT AFFECTS ANY NATIONAL BANK WHICH ACQUIRE TITLE TO OR POSSESSION OF OTHER REAL ESTATE OWNED. THE REQUIRED RECORDS SUBSTANTIATE THE CARRYING VALUE OF OREO IN CONFORMITY WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THIS PROVIDES FOR MORE MEANINGFUL BANK FINANCIAL STATEMENT DEPICTIONS AND COMPARISONS.

None
None


No

1
IC Title Form No. Form Name
APPRAISAL OF PROPERTY UPON TRANSFER TO OTHER REAL ESTATE OWNED/INSTRUCTIONS TO APPRAISER (12 CFR 7.3025)

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,871 2,871 0 0 0 0
Annual Time Burden (Hours) 4,815 4,815 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/13/1986


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