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#1872481 - 11/19/13 04:56 PM 8/8/2013 Proposed amendment
dblack Offline
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Joined: Feb 2008
Posts: 263
AL
Does anyone know when we may be able to expect a ruling one way or the other on this proposed amendment? (adding exemptions for current MH's, streamlined refi's, and transactions under 25,000)
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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#1872653 - 11/19/13 09:26 PM Re: 8/8/2013 Proposed amendment dblack
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,793
Cape Cod
Good question -- There are a bunch of agencies that need to sign off on any such final rule. As of today, the FDIC has not posted a board meeting agenda for a November meeting. I'd look for a mention of the rule in the agenda once it is posted as a harbinger of approval.

I'm just guessing here -- the agencies may not be looking at this as a high-priority issue. They may just decide to wait until after the 1/18/14 effective date and tweak the rules after the fact.
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#1876300 - 12/05/13 04:24 PM Re: 8/8/2013 Proposed amendment dblack
dblack Offline
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Joined: Feb 2008
Posts: 263
AL
For anyone else that is still waiting on this:

It looks like they intend to finally have a final-final rule out sometime this month.

http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201310&RIN=3170-AA11
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#1877391 - 12/10/13 05:31 PM Re: 8/8/2013 Prop amendment Reg. Z HPML Appraisal dblack
Reads Regs Offline
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Joined: Nov 2004
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The FDIC Board met this morning and approved a final rule. It is 282 pages in non-Federal Register format. Here's a link to the agenda for the Board meeting. http://www.fdic.gov/news/board/2013/2013-12-10_notice.html It includes a link to the final rule. It is effective 1/18/14 and some alternative provisions regarding manufactured home loans are effective 7/18/15.
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#1877977 - 12/12/13 12:31 PM Re: 8/8/2013 Prop amendment Reg. Z HPML Appraisal dblack
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,793
Cape Cod
And there are separate parts of the document that amend the Fed's Reg Z (they still are keepers of Z for motor vehicle dealers) and the OCC, plus the updates to the Bureau's 1026.35 and Appendix N (a comma and two words are added there!). So the 282 pages is a comic book thickness compared with the 1888 page emanation from the Bureau a couple weeks ago.
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