Regulation B Appraisal Rules Risk Assessment

$50.00

The Regulation B Appraisal Rules Risk Assessment provides a framework upon which the risk related to the revised 12 CFR 1002.14 appraisal and valuation requirements for credit secured by a first lien on a dwelling is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation B Appraisal Rules Risk Assessment provides a framework upon which the risk related to the revised 12 CFR 1002.14 appraisal and valuation requirements for credit secured by a first lien on a dwelling are evaluated.

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