{"abstract":"As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is revising two of NCUA's regulations regarding appraisals. In response to a recent amendment to the Consumer Financial Protection Bureau's (CFPB) Regulation B, the Board is eliminating from NCUA's regulations the now duplicative requirement that federal credit unions (FCUs) make available, to any requesting member, a copy of the appraisal used in connection with that member's application for a loan secured by a first lien on a dwelling. Also, the Board is amending NCUA's appraisal regulations by expanding the current exemption for certain transactions involving an existing extension of credit. More specifically, under the expanded exemption, a federally insured credit union (FICU) will be permitted to refinance or modify a real estate- related loan held by the FICU, without having to obtain another appraisal, if there is no advancement of new monies or if there is adequate collateral protection even with the advancement of new monies. Lastly, the Board is making a minor technical amendment to the definition of the term \"application.\"","action":"Final rule.","agencies":[{"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"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2014/12/19/2014-29635.html","cfr_references":[{"chapter":null,"citation_url":null,"part":701,"title":12},{"chapter":null,"citation_url":null,"part":722,"title":12}],"citation":"79 FR 75746","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This rule is effective January 20, 2015.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2014-29635","effective_on":"2015-01-20","end_page":75748,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2014/12/19/2014-29635.xml","html_url":"https://www.federalregister.gov/documents/2014/12/19/2014-29635/appraisals-availability-to-applicants-and-requirements-for-transactions-involving-an-existing","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2014-29635?publication_date=2014-12-19","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2014-12-19/2014-29635/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":1086,"last_updated":"2026-04-10 06:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2014-12-19/pdf/2014-29635.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2014-29635.pdf?1418910630","publication_date":"2014-12-19","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2014/12/19/2014-29635.txt","regulation_id_number_info":{"3133-AE36":{"issue":"201410","html_url":"https://www.federalregister.gov/regulations/3133-AE36/appraisals-availability-to-applicants-and-requirements-for-transactions-involving-an-existing-extens","title":"Appraisals--Availability to Applicants; and Requirements for Transactions Involving an Existing Extension of Credit","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201410&RIN=3133-AE36&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3133-AE36"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2015-01-12T19:22:11Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":75746,"subtype":null,"title":"Appraisals-Availability to Applicants and Requirements for Transactions Involving an Existing Extension of Credit","toc_doc":"Appraisals; Availability to Applicants and Requirements for Transactions Involving an Existing Extension of Credit","toc_subject":null,"topics":["Advertising","Aged","Civil rights","Credit","Credit unions","Fair housing","Individuals with disabilities","Insurance","Marital status discrimination","Mortgages","Religious discrimination","Reporting and recordkeeping requirements","Sex discrimination"],"type":"Rule","volume":79}