Data / Federal rules / 2025-06748
Temporary Exceptions to FIRREA Appraisal Requirements in Los Angeles County as Affected by California Wildfires and Straight-Line Winds
The National Credit Union Administration published this final rule in the Federal Register on April 18, 2025. It took effect on April 18, 2025.
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What the agency says
The Depository Institutions Disaster Relief Act of 1992 (DIDRA) authorizes the agencies to make exceptions to statutory and regulatory appraisal requirements under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) relating to transactions involving real property located within an area in a State or territory declared to be a major disaster by the President. In this statement and order, the agencies exercise their authority to grant temporary exceptions to the FIRREA appraisal requirements for real estate-related financial transactions, provided certain criteria are met, in Los Angeles County, California following the major disaster declared by the President as a result of wildfires and straight-line winds. The expiration date for the exceptions is January 8, 2028, which is 3 years after the date the President declared the major disaster.
Key facts
- Document number
- 2025-06748
- Type
- Final rule
- Action
- Statement and order; temporary exceptions
- Agency
- Treasury Department; Comptroller of the Currency; Federal Reserve System; Federal Deposit Insurance Corporation; National Credit Union Administration
- Published
- April 18, 2025
- Takes effect
- April 18, 2025
- Dates
- This order is effective on April 18, 2025 and expires 3 years after the date the President declared the relevant area a major disaster, which is January 8, 2028.
- Docket
- Docket ID OCC-2025-0003; Docket No. OP-1864; Docket ID NCUA-2025-0039
- Regulation ID (RIN)
- 3064-ZA46
- Code of Federal Regulations
- 12 CFR 34; 12 CFR 225; 12 CFR 323; 12 CFR 722; 12 CFR 741
- Pages
- 2
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Everything from the National Credit Union Administration · Published in April 2025
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.