Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Financial Institution Letters

FIL-70-2016
October 24, 2016

Regulatory Relief

Exception from Appraisal Requirements in Certain Disaster Areas in Louisiana

Printable Format:

FIL-70-2016 - PDF (PDF Help)

Summary:

The FDIC is providing flexibility relative to appraisal requirements to financial institutions in major disaster areas in Louisiana due to severe storms and flooding.

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions with loans secured by real estate in the affected areas.

Highlights:

Distribution:

Suggested Routing:

Related Topics:

Attachments:

Contact:

Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2016/.

To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html.

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

1 Major Disaster Declaration DR-4277 available at http://www.fema.gov/disaster/4277.

Skip Footer back to content