Data / Federal rules / 2024-05159
Temporary Exceptions to FIRREA Appraisal Requirements in Maui County as Affected by Hawaii Wildfires
The National Credit Union Administration published this final rule in the Federal Register on March 12, 2024. It took effect on March 12, 2024.
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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 an area in the State of Hawaii following the major disaster declared by President Biden as a result of wildfires. The expiration date for the exceptions is August 10, 2026, which is three years after the date the President declared the major disaster.
Key facts
- Document number
- 2024-05159
- 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
- March 12, 2024
- Takes effect
- March 12, 2024
- Dates
- This order is effective on March 12, 2024 and expires three years after the date the President declared the relevant area a major disaster, which is August 10, 2026.
- Docket
- Docket ID OCC-2024-0002; Docket No. OP-1829
- Regulation ID (RIN)
- 3064-ZA41
- 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 March 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.