Real Estate Lending and Appraisals

The information collections in parts 7, 34,160, and 190 are required by statute to regulate real estate lending and holding by national banks and savings associations. They are used by the OCC to ensure the safe and sound operation of institutions and institution compliance. This ICR is being filed in connection with final interagency guidance on reconsiderations of value (ROV) of residential real estate valuations. The guidance highlights the risks associated with deficient residential real estate valuations and describes how financial institutions may incorporate ROV processes and controls into established risk management functions. The guidance also provides examples of ROV policies, procedures, and control systems that institutions may choose to implement that identify, address, and mitigate the risk of deficient valuations. The OCC, Board, FDIC, CFPB, and the NCUA are revising their real estate appraisals and evaluations information collections to account for these new policies, procedures, and control systems. Additionally, the banking agencies are updating and aligning their information collections with respect to the burden associated with the Interagency Appraisal and Evaluation Guidelines.

The latest form for Real Estate Lending and Appraisals expires 2028-01-31 and can be found here.

ARM Loan Documentation

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight