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FRS | RIN: 7100-AF53 | Publication ID: Fall 2019 |
Title: ●Regulatory Capital Rules: Treatment of Land Development Loans for the Definition of High Volatility Commercial Real Estate Exposure (Docket No: R-1669) | |
Abstract:
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the Agencies) are issuing a notice of proposed rulemaking (proposal) to seek comment on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of high volatility commercial real estate (HVCRE) exposure in the Agencies’ regulatory capital rule. This proposal expands upon the notice of proposed rulemaking (HVCRE NPR) issued on September 28, 2018, which proposed to revise the definition of HVCRE exposure in the regulatory capital rule to conform to the statutory definition of ‘‘high volatility commercial real estate acquisition, development, or construction (HVCRE ADC) loan,’’ in accordance with section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
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Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 217 12 CFR 225 | |
Legal Authority: 5 U.S.C. 601 44 U.S.C. 3501 44 U.S.C. 3507 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Constance Horsley Deputy Associate Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 452-5239 Elizabeth MacDonald Manager Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 475-6316 Andrew Willis Lead Financial Institution Policy Analyst Federal Reserve System Division of Banking Supervision and Regulations, Washington, DC 20551 Phone:202 912-4323 David Alexander Special Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2877 |