Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

Via email

 

From: Julie Carnahan

Sent: Tuesday, August 05, 2003 8:46 AM

To: regs.comments@federalreserve.gov; Comments;

regs.comments@occ.treas.gov; regs.comments@ots.treas.gov

Subject: EGRPRA

We are a rural 40 million bank in Saunders County, Nebraska, with a 104 year

old charter and over 100 years experience in our loan officers. The

regulation that requires us to obtain an outside/certified appraisal on

loans of $250,000 and more is out of date and a burden. The $250,000

threshold has been the same since the regulation was put on the books many

years ago with no allowance for inflation. It requires us to spend $1000 to

$1500 on a farm appraisal to tell us less than what we knew about the value

of the land at the time the loan application was received.

John C. Barry

Oak Creek Valley Bank

PO Box 8

Valparaiso, NE 68065

 

Last Updated 08/05/2003 regs@fdic.gov

Last Updated: August 4, 2024