OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES RULE: TEMPORARY EXCEPTIONS TO FIRREA APPRAISAL REQUIREMENTS IN LOS ANGELES COUNTY AS AFFECTED BY CALIFORNIA WILDFIRES AND STRAIGHT-LINE WINDS

WASHINGTON, April 18 -- Office of the Comptroller of the Currency has issued a rule called: Temporary Exceptions to FIRREA Appraisal Requirements in Los Angeles County as Affected by California Wildfires and Straight-Line Winds.

The rule was published in the Federal Register on April 18 by Rodney E. Hood, Acting Comptroller of the Currency.

Summary: The Depository Institutions Disaster Relief Act of 1992 (DIDRA) authorizes the agencies to make exceptions to statutory and regulatory appraisal requirements under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) relating to transactions involving real property located within an area in a State or territory declared to be a major disaster by the Pre...