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OCC proposes OREO regs amendments

The OCC has published and is inviting comment on a proposed rule that would clarify and streamline its regulations on other real estate owned (OREO) for national banks and update the regulatory framework for OREO activities at federal savings associations. The OCC is also proposing to remove outdated capital rules for national banks and federal savings associations, which include provisions related to OREO, and make conforming edits to other rules that reference those capital rules. The proposal would affect 12 CFR parts 3, 6, 34, 36, 160, 161, 163, and 167. Comments are due by June 24, 2019.

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