APPRAISALS OF REAL PROPERTY. (1) Within thirty (30) days, the Board shall engage the services of an independent, professionally certified, or licensed appraiser(s) to provide:
APPRAISALS OF REAL PROPERTY. (1) The Board shall require and the Bank shall obtain a current independent appraisal or updated appraisal, in accordance with 12 C.F.R. Part 34, on any loan that is secured by real property:
APPRAISALS OF REAL PROPERTY. (1) Effective immediately, the Bank shall order real estate appraisals and evaluations in compliance with the requirements of 12 C.F.R. §§ 34.43, 34.44, and 34.45, and 34.46.
APPRAISALS OF REAL PROPERTY. (1) Within sixty (60) days, the Board shall ensure the implementation of policies and controls to ensure full compliance with 12 C.F.R.
APPRAISALS OF REAL PROPERTY. (1) Within sixty (60) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to ensure compliance with the appraisal and evaluation requirements, for loans and other real estate owned, in accordance with 12 C.F.R 34 and OCC Bulletin 2005-6. The requirements for appraisals and evaluations shall be detailed in the Bank’s Credit Policy.
APPRAISALS OF REAL PROPERTY. (1) Within thirty (30) days, the Bank shall engage the services of an independent, professionally certified, or licensed appraiser(s) to provide:
APPRAISALS OF REAL PROPERTY. (1) As of the date of this agreement, the Board shall ensure take the necessary steps to ensure that the Bank complies with the appraisal regulation found in 12 C.F.R. Part 34, to include, at a minimum:
APPRAISALS OF REAL PROPERTY. (1) Within sixty (60) days of this Agreement, the Board shall adopt and implement a process to correct any violations of the real estate appraisal regulation (12 C.F.R. Part 34) identified in any report of examination, internal or external loan review, or internal or external audit.
APPRAISALS OF REAL PROPERTY. (1) Within sixty (60) days, the Board must ensure a process independent of the line function is developed to request and review real estate appraisals for adequacy and compliance with 12 C.F.R. Part 34, sub-part C.
APPRAISALS OF REAL PROPERTY. (1) Within thirty (30) days, the Bank shall implement an appraisal review process that specifically addresses the processes to be followed in reviewing and evaluating an appraisal. At a minimum, this process requires:
