{"abstract":"The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are issuing a final rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z implement a new provision requiring appraisals for \"higher-risk mortgages\" that was added to TILA by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act or Act). For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the final rule requires creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.","action":"Final rule; official staff commentary.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"NATIONAL CREDIT UNION ADMINISTRATION","name":"National Credit Union Administration","id":335,"url":"https://www.federalregister.gov/agencies/national-credit-union-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/335","parent_id":null,"slug":"national-credit-union-administration"},{"raw_name":"BUREAU OF CONSUMER FINANCIAL PROTECTION","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"},{"raw_name":"FEDERAL HOUSING FINANCE AGENCY","name":"Federal Housing Finance Agency","id":174,"url":"https://www.federalregister.gov/agencies/federal-housing-finance-agency","json_url":"https://www.federalregister.gov/api/v1/agencies/174","parent_id":null,"slug":"federal-housing-finance-agency"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2013/02/13/2013-01809.html","cfr_references":[{"chapter":null,"citation_url":null,"part":34,"title":12},{"chapter":null,"citation_url":null,"part":164,"title":12},{"chapter":null,"citation_url":null,"part":226,"title":12},{"chapter":null,"citation_url":null,"part":722,"title":12},{"chapter":null,"citation_url":null,"part":1026,"title":12},{"chapter":null,"citation_url":null,"part":1222,"title":12}],"citation":"78 FR 10368","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective on January 18, 2014.","disposition_notes":null,"docket_ids":["Docket No. OCC-2012-0013","Docket No. R-1443","Docket No. CFPB-2012-0031"],"dockets":[],"document_number":"2013-01809","effective_on":"2014-01-18","end_page":10447,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2013/02/13/2013-01809.xml","html_url":"https://www.federalregister.gov/documents/2013/02/13/2013-01809/appraisals-for-higher-priced-mortgage-loans","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2013-01809?publication_date=2013-02-13","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2013-02-13/2013-01809/mods.xml","not_received_for_publication":null,"page_length":80,"page_views":{"count":14331,"last_updated":"2026-04-23 10:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2013-02-13/pdf/2013-01809.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2013-01809.pdf?1360677736","publication_date":"2013-02-13","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2013/02/13/2013-01809.txt","regulation_id_number_info":{"1557-AD62":{"issue":"201304","html_url":"https://www.federalregister.gov/regulations/1557-AD62/appraisals-for-higher-risk-mortgage-loans","title":"Appraisals for Higher Risk Mortgage Loans","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201304&RIN=1557-AD62&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"7100-AD90":{"issue":"201310","html_url":"https://www.federalregister.gov/regulations/7100-AD90/regulation-z-appraisals-for-higher-risk-mortgage-loans-docket-no-r-1443-","title":"Regulation Z--Appraisals for Higher-Risk Mortgage Loans (Docket No. R-1443)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201310&RIN=7100-AD90&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3170-AA11":{"issue":"201310","html_url":"https://www.federalregister.gov/regulations/3170-AA11/amendments-to-tila-concerning-appraisals-","title":"Amendments to TILA Concerning Appraisals ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201310&RIN=3170-AA11&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"2590-AA58":{"issue":"201310","html_url":"https://www.federalregister.gov/regulations/2590-AA58/appraisals-requirements-for-higher-priced-mortgage-loans-","title":"Appraisals (Requirements for Higher-Priced Mortgage Loans)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201310&RIN=2590-AA58&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"},"3133-AE04":null},"regulation_id_numbers":["1557-AD62","2590-AA58","3133-AE04","3170-AA11","7100-AD90"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/7100-AD90/regulation-z-appraisals-for-higher-risk-mortgage-loans-docket-no-r-1443-","title":"Regulation Z--Appraisals for Higher-Risk Mortgage Loans (Docket No. R-1443)"},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=FRS-2013-0044","supporting_documents_count":0,"docket_id":"FRS-2013-0044","regulation_id_number":"7100-AD90","title":"Appraisals for Higher-Priced Mortgage Loans","checked_regulationsdotgov_at":"2013-03-05T08:22:05Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":10368,"subtype":null,"title":"Appraisals for Higher-Priced Mortgage Loans","toc_doc":"Appraisals for Higher-Priced Mortgage Loans","toc_subject":null,"topics":["Advertising","Consumer protection","Credit","Credit unions","Government-sponsored enterprises","Mortgages","National banks","Reporting and recordkeeping requirements","Savings associations","Truth in lending"],"type":"Rule","volume":78}