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:
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Lending Officer
Part 323 Appraisal Regulations
Interagency Appraisal and Evaluation Guidelines
Part 365 Real Estate Lending Regulations
Interagency Guidelines for Real Estate Lending Policies
Frequently Asked Questions on Residential Tract Development
Frequently Asked Questions on Residential Tract Development - PDF 99k (PDF Help)
Examination Specialist James Leitner at firstname.lastname@example.org or (202) 898-6790
FIL-90-2005 - PDF 32k (PDF Help)
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).