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FINANCIAL INSTITUTION LETTER | MARCH 13, 2024 |
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REGULATORY RELIEF: FDIC Issues Temporary Exceptions to Appraisal Requirements in Maui County as Affected by Hawaii Wildfires
SUMMARY: The FDIC is providing flexibility relative to appraisal requirements for real estate-related transactions in Maui County due to the Hawaii wildfires. The flexibilities may be exercised by any institution underwriting a real estate-related transaction in Maui County.
STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.
DISTRIBUTION: FDIC-Supervised Financial Institutions in Hawaii
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