Availability of Appraisers

Earlier this month, the banking brotherhood, including the NCUA, released an Interagency Advisory or the Availability of Appraisers. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) requires NCUA to establish appraisal standards for all federally related transactions. Part 722 of NCUA’s regulations provides these standards. Generally, the rules require the appraisal to be performed by a … Read More