FRB Issues Interim Final Rule to Replace HVCC

Ninety days after the signing of the Dodd-Frank Act, in July 2010, was the sunset of the Home Valuation Code of Conduct. But the requirements of the Dodd-Frank (as shown in the Federal Reserve’s Interim Final Rule) and the 2010 Interagency Appraisal and Evaluation Guidelines clearly reinforced all aspects of the former HVCC.

The OCC, the Board, and the FDIC (collectively, the agencies) are jointly adopting as a final rule, without change, the August 31, 2018, interim final rule, which amended the agencies’ liquidity coverage ratio (lcr) rule to treat liquid and readily-marketable, investment grade municipal obligations as high-quality liquid assets.

6 Interim Rule, at 6. The term “company,” as used in this portion of the supplementary information accompanying the Interim Rule, is not defined, but presumably it refers.

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. Appraiser Independence Requirements to replace the Home. spirit and intent of the HVCC and continue to provide important. Fannie Mae may issue additional guidance in. HVCC until the earlier of the release of the Interim Final Rules by the Federal Reserve as required by the Dodd-Frank Act or.

the valuation independence provisions of the Dodd- Frank Reform Act. The interim final rule added new Section 226.42 to Regulation Z . In publishing the interim final rule , the Home Valuation Code of C onduct (HVCC), the current standard for loans purchased by Fannie Mae and Freddie Macon April 1, 2011. , will expire New Appraiser

The proposed changes in the latter category would modify the overall goal, contract goal, and good-faith efforts provisions of the rule, as well as add provisions concerning diversification in the DBE program and provide greater flexibility to recipients. A final rule based on this SNPRM would replace the existing DBE rule in its entirety. 21.

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In accordance with the provisions of the Bipartisan Budget Act of 2015, which required federal agencies to update civil monetary penalties within their jurisdiction by August 1, 2016, the Department.

OFAC recently published an Interim Final Rule to amend its Reporting, Procedures and Penalties Regulation (31 cfr part 501). This section deals with the reporting, recordkeeping, and licensing requirements for OFAC’s economic sanctions programs.