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FDIC RIN: 3064-AE87 Publication ID: Spring 2019 
Title: Appraisal Threshold for Residential Estate Transactions; Exemption From Appraisals of Real Property in Rural Areas; Appraisal Review 
Abstract:

The FDIC plans to develop a joint rulemaking with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the National Credit Union Administration (the Agencies) to implement section 1127 of title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Title XI).  Section 1127 amends title XI to exempt certain real property transactions in rural areas from appraisal requirements if certain conditions are met.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 323   
Legal Authority: 12 U.S.C. 3356   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/07/2018  83 FR 63110   
NPRM Comment Period End  02/05/2019 
Final Rule  07/00/2019 
Additional Information: E-mail: Comments@FDIC.gov. Include RIN 3064-AE87 on the subject line of the message.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fdic.gov/regulations/laws/federal/   Public Comment URL: www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Related RINs: Merged with 3064-AE86  Related Agencies: Joint: TREAS/OCC, FRS, NCUA; 
Agency Contact:
Beverlea Gardner
Senior Examination Specialist
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20459
Phone:202 898-3640
Email: bgardner@fdic.gov

Benjamin K. Gibbs
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20459
Phone:202 898-6726
Email: begibbs@fdic.gov

Mark A. Mellon
Counsel, Legal Division
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3884
Email: mmellon@fdic.gov

Lauren A. Whitaker
Attorney
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20459
Phone:202 898-3872
Email: lwhitaker@fdic.gov