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TREAS/OCC RIN: 1557-AE42 Publication ID: Fall 2018 
Title: ●Appraisal Independence 
Abstract:

The OCC, FRB, FDIC, FHFA, and CFPB plan to issue a final rulemaking to ensure that real estate appraisers are free to use their independent professional judgment in assigning home values without influence or pressure from those with interests in the transactions. The rule also seeks to ensure that appraisers receive customary and reasonable payments for their services.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 34   
Legal Authority: 12 U.S.C. 1 et seq.    12 U.S.C. 25b    12 U.S.C. 29    12 U.S.C. 93a    12 U.S.C. 371    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1465    12 U.S.C. 1701j-3    12 U.S.C. 1828(o)    12 U.S.C. 3331 et seq.    12 U.S.C. 5101 et seq.    12 U.S.C. 5412(b)(2)(B)    15 U.S.C. 1639h   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Mitchell Plave
Special Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6285
Email: mitchell.plave@occ.treas.gov