Residential Tract Development Lending Frequently Asked Questions
FIL-90-2005 September 8, 2005
The federal banking, thrift and credit union regulatory agencies are issuing the attached frequently asked questions (FAQs) on residential tract development lending. The FAQs will assist institutions in complying with the agencies’ appraisal and real estate lending requirements for residential tract developments.
The attached document addresses common questions about appraisal and real estate lending requirements for financing residential construction in a tract development.
Institutions should review these FAQs in conjunction with the following: