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FINANCIAL INSTITUTION LETTER | APRIL 15, 2025 |
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Regulatory Relief: FDIC Issues Temporary Exceptions to Appraisal Requirements in Los Angeles County as Affected by California Wildfires and Straight-line Winds
SUMMARY:
The FDIC is providing flexibility relative to appraisal requirements for real estate-related transactions in Los Angeles County due to the California wildfires and straight-line winds. The flexibilities may be exercised by any institution underwriting a real estate-related transaction in Los Angeles 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
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