FIRREA Rules for LTVs on Commercial Real Estate

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Question:

The commercial loan officers at my bank have a general understanding of FIRREA however one among us believes that FIRREA may dictate LTVs on commercial real estate - in particular a vacant commercial lot. Is this true, If so, where can we find an explanation?

Answer:

The interagency real estate standards can be found here and they address the supervisory LTV provisions: Section 12-208-appc

First published on BankersOnline.com 12/17/12