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Inactive Financial Institution Letters

Appraisal and Evaluation Guidelines
Proposed Revisions to the Interagency Appraisal and Evaluation Guidelines and Request for Comments
November 19, 2008

Summary: The federal bank, thrift and credit union regulatory agencies are requesting comments on the attached proposed revisions to the Interagency Appraisal and Evaluation Guidelines (Guidelines), which address supervisory matters relating to real estate appraisals and evaluations used to support real estate-related financial transactions.


The proposed Guidelines are intended to update, clarify and replace the existing guidance, particularly in the following areas:

  • Independence of the appraisal and evaluation program;
  • Minimum appraisal standards;
  • Content of real estate evaluations;
  • Review standards for appraisals and evaluations, including the use of automated tools or sampling methods;
  • Portfolio monitoring and collateral valuation updates; and
  • Appraisal exemptions, and evaluation alternatives.

Attached is the Federal Register notice containing the proposed Guidelines. Comments are due on January 20, 2009. Comments may be submitted according to the instructions in the attachment or by e-mailing and including "Proposed Interagency Appraisal and Evaluation Guidelines" in the subject line of the message.

FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Credit Officer

Related Topics:
Part 323 - Appraisals
Part 365 – Real Estate Lending Standards
FIL 84-2003 - Appraiser Independence/Independent Appraisal and Evaluation Functions
FIL 20-2005 - Appraisal Regulations Frequently Asked Questions
FIL 45-2005 - Home Equity Lending: Credit Risk Management Guidance
FIL 90-2005 - Residential Tract Development Lending Frequently Asked Questions
FIL 53-2006 - Appraisal Standards: Revisions to the Uniform Standards of Professional Appraisal Practice

Proposed Interagency Appraisal and Evaluation Guidelines - PDF (PDF Help)

Beverlea Gardner, Senior Examination Specialist, at (202) 898-3640 or

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

Paper copies of FDIC financial institution letters may be obtained via the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Last Updated 11/14/2018

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