Data / Federal rules / 2024-16200
Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations
The Consumer Financial Protection Bureau published this final rule in the Federal Register on July 26, 2024.
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What the agency says
The Board, CFPB, FDIC, NCUA, and OCC (together, the agencies) are issuing final guidance that highlights risks associated with deficient residential real estate valuations and describes how financial institutions may incorporate reconsiderations of value (ROV) processes and controls into established risk management functions. The final guidance also provides examples of policies and procedures that a financial institution may choose to implement to help identify, address, and mitigate the risk of discrimination impacting residential real estate valuations.
Key facts
- Document number
- 2024-16200
- Type
- Final rule
- Action
- Final interagency guidance
- Agency
- Treasury Department; Comptroller of the Currency; Federal Reserve System; Federal Deposit Insurance Corporation; National Credit Union Administration; Consumer Financial Protection Bureau
- Published
- July 26, 2024
- Dates
- The guidance is final as of July 26, 2024.
- Docket
- Docket ID OCC-2023-0007; Docket No. OP-1809; Docket ID NCUA-2023-0061; Docket No. CFPB-2023-0033
- Regulation ID (RIN)
- 3064-ZA36
- Code of Federal Regulations
- 12 CFR 34; 12 CFR 225; 12 CFR 323; 12 CFR 722
- Pages
- 10
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Everything from the Consumer Financial Protection Bureau · Published in July 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.