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NCUA | RIN: 3133-AE36 | Publication ID: Fall 2014 |
Title: Appraisals--Availability to Applicants; and Requirements for Transactions Involving an Existing Extension of Credit | |
Abstract:
In response to comments received during NCUA's 2013 annual regulatory review, the Agency previously proposed to amend its appraisal requirements. In particular, the proposed rule amended the NCUA's requirement for making appraisals available to applicants and the appraisal requirements for transactions involving an existing extension of credit. NCUA believes these changes will reduce unnecessary regulatory burden on credit unions and is working towards finalizing the rule. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701.31 12 CFR 722.3 | |
Legal Authority: 12 USC 1766 12 USC 1789 12 USC 3339 15 USC 1601 et seq 42 USC 1981 42 USC 3601 to 3610 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.ncua.gov/Legal/Regs/Pages/FIRegulations.aspx | |
RIN Data Printed in the FR: No | |
Agency Contact: Pamela Yu Special Counsel to the General Counsel National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: pyu@ncua.gov |