OMB control number
Recordkeeping and Disclosure Requirements and Provisions Associated with Real Estate Appraisal Standards
OMB 7100-0250 · FRS.
Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C. § 3331 et seq.) requires that, for federally related transactions, regulated institutions obtain real estate appraisals performed by certified or licensed appraisers in conformance with uniform appraisal standards. The Board’s regulations implementing Title XI of FIRREA, contained in the Board’s Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR Part 225), include certain recordkeeping requirements that apply to state member banks (SMBs), bank holding companies (BHC), and nonbank subsidiaries of BHCs that extend mortgage credit (together, institutions). The Board and other supervisory agencies also have issued Interagency Appraisal and Evaluation Guidelines (the Guidelines) that convey supervisory expectations relating to real estate appraisals and evaluations used to support real estate-related financial transactions. These Guidelines recommend that institutions adopt certain policies and procedures to ensure compliance with Title XI of FIRREA and Regulation Y.
The latest form for Recordkeeping and Disclosure Requirements and Provisions Associated with Real Estate Appraisal Standards expires 2028-06-30 and can be found here.
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Supporting Statement A |
FRY30_20250620_omb.pdf
Recordkeeping Sections 225.61 - 225.67 for SMBs Recordkeeping Sections 225.61 - 225.67 for SMBs
Federal Enterprise Architecture: Economic Development - Financial Sector Oversight