82 FR 49089 - Temporary Exceptions to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) Appraisal Requirements in Areas Affected by Severe Storms and Flooding Related to Hurricanes Harvey, Irma, and Maria
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 82, Issue 204 (October 24, 2017)
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
NATIONAL CREDIT UNION ADMINISTRATION
Federal Register Volume 82, Issue 204 (October 24, 2017)
| Page Range | 49089-49091 | |
| FR Document | 2017-22957 |
[Federal Register Volume 82, Number 204 (Tuesday, October 24, 2017)] [Rules and Regulations] [Pages 49089-49091] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-22957] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 34 [Docket No. OCC-2017-0024] FEDERAL RESERVE SYSTEM 12 CFR Part 225 [Docket No. OP-1577] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 323 NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 722 Temporary Exceptions to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) Appraisal Requirements in Areas Affected by Severe Storms and Flooding Related to Hurricanes Harvey, Irma, and Maria AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of [[Page 49090]] Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); and National Credit Union Administration (NCUA), collectively referred to as the agencies. ACTION: Statement and order; temporary exceptions. ----------------------------------------------------------------------- SUMMARY: Section 2 of the Depository Institutions Disaster Relief Act of 1992 (DIDRA) authorizes the agencies to make exceptions to statutory and regulatory appraisal requirements under Title XI of FIRREA. The exceptions are available for transactions involving real property located within an area in a state or territory declared to be a major disaster by the President if the agencies determine, and describe by publication of a regulation or order, that the exceptions would facilitate recovery from the disaster and would be consistent with safety and soundness. In this statement and order, the agencies exercise their authority to grant temporary exceptions to the FIRREA appraisal requirements for real estate-related financial transactions, provided certain criteria are met, in areas of Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands that have been declared major disasters by President Trump as a result of the severe storms and flooding caused by Hurricanes Harvey, Irma, and Maria. The expiration date for the exceptions in each area is three years after the date the President declared the state or territory a major disaster. DATES: This order is applicable on October 24, 2017 and expires three years after the date the President declared the relevant state or territory a major disaster, as follows. Hurricane Harvey: The expiration date for the exceptions for areas declared a major disaster is August 24, 2020, for Texas. Hurricane Irma: The expiration dates for the exceptions for areas declared a major disaster are September 6, 2020, for the U.S. Virgin Islands, September 9, 2020, for Florida and Puerto Rico, and September 14, 2020, for Georgia. Hurricane Maria: The expiration dates for the exceptions for areas declared a major disaster are September 19, 2020, for Puerto Rico and September 20, 2020, for the U.S. Virgin Islands. FOR FURTHER INFORMATION CONTACT: OCC: Kevin Lawton, Appraisal Specialist, Chief National Bank Examiner's Office, at (202) 649-7152; Christopher Manthey, Special Counsel, Chief Counsel's Office, at (202) 649-6203; or Mitchell Plave, Special Counsel, Chief Counsel's Office, at (202) 649-6285 or, for persons who are deaf or hearing impaired, TTY (202) 649-5597. Board: Carmen D. Holly, Senior Supervisory Financial Analyst, Division of Supervision and Regulation at (202) 973-6122; Gillian Burgess, Counsel, Legal Division, at (202) 736-5564; or Kirin Walsh, Attorney, Legal Division, at (202) 452-3058. FDIC: Beverlea S. Gardner, Senior Examination Specialist, Division of Risk Management and Supervision, at (202) 898-3640; Mark Mellon, Counsel, Legal Division, at (202) 898-3884; Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. NCUA: D. Scott Neat, Director of Supervision, Office of Examination and Insurance, at (703) 518-6363; John Brolin, Staff Attorney, Office of General Counsel, at (703) 518-6438; National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314. SUPPLEMENTARY INFORMATION: Statement Section 2 of DIDRA, which added section 1123 to Title XI of FIRREA,\1\ authorizes the agencies to make exceptions to statutory and regulatory appraisal requirements for certain transactions. These exceptions are available for transactions involving real property located in an area in which the President has determined a major disaster exists, pursuant to section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act,\2\ provided that the exception would facilitate recovery from the major disaster and is consistent with safety and soundness. --------------------------------------------------------------------------- \1\ 12 U.S.C. 3352. \2\ 42 U.S.C. 5170. --------------------------------------------------------------------------- On August 25, 2017, the President declared a major disaster existed in areas in the state of Texas \3\ due to extensive damage that occurred as a result of severe storms and subsequent flooding in connection with Hurricane Harvey. On September 7, 2017, the President declared a major disaster existed in areas in the U.S. Virgin Islands \4\ as a result of the severe storms and subsequent flooding from Hurricane Irma. On September 10, 2017, the President declared a major disaster existed in areas in the state of Florida \5\ and the Commonwealth of Puerto Rico \6\ as a result of the severe storms and subsequent flooding from Hurricane Irma. Further, on September 15, 2017, the President declared a major disaster existed in areas in the state of Georgia as a result of the severe storms and subsequent flooding related to Hurricane Irma.\7\ --------------------------------------------------------------------------- \3\ Press Release, The White House (August 25, 2017), available at https://www.whitehouse.gov/the-press-office/2017/08/25/president-donald-j-trump-approves-texas-disaster-declaration. \4\ Press Release, The White House (September 7, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/07/president-donald-j-trump-approves-us-virgin-islands-disaster-declaration. \5\ Press Release, The White House (September 10, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/10/president-donald-j-trump-approves-florida-disaster-declaration. \6\ Press Release, The White House (September 10, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/10/president-donald-j-trump-approves-puerto-rico-disaster-declaration. \7\ Press Release, The White House (September 15, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/15/president-donald-j-trump-approves-georgia-disaster-declaration. --------------------------------------------------------------------------- In addition, on September 20, 2017, and September 21, 2017, the President declared a major disaster existed in areas in Puerto Rico \8\ and the U.S. Virgin Islands,\9\ respectively, as a result of the severe storms and subsequent flooding from Hurricane Maria. The agencies believe that granting relief from the appraisal requirements set forth in Title XI of FIRREA, and in the agencies' appraisal regulations, for real estate-related financial transactions in areas declared a major disaster is consistent with the provisions of DIDRA. --------------------------------------------------------------------------- \8\ Press Release, The White House (September 21, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/21/president-donald-j-trump-approves-puerto-rico-disaster-declaration. \9\ Press Release, The White House (September 21, 2017), available at https://www.whitehouse.gov/the-press-office/2017/09/21/president-donald-j-trump-approves-us-virgin-islands-disaster-declaration. --------------------------------------------------------------------------- Facilitation of Recovery From the Major Disasters The agencies have determined that the disruption of real estate markets in each of the areas declared a major disaster interferes with the ability of depository institutions to obtain appraisals that comply with Title XI statutory and regulatory requirements. Further, the agencies have determined that the disruption may impede institutions in making loans and engaging in other transactions that would aid in the reconstruction and rehabilitation of the affected areas. Accordingly, the agencies have determined that recovery from these major disasters would be facilitated by exempting transactions involving real estate and requiring the services of an appraiser located in the area directly affected by the severe storms and flooding from the real estate appraisal requirements of Title XI of FIRREA and its implementing regulations.\10\ --------------------------------------------------------------------------- \10\ 12 U.S.C. 3331-3355; 12 CFR 34.41-34.47 (OCC); 12 CFR part 225, subpart G (Board); 12 CFR part 323, subpart A (FDIC); 12 CFR part 722 (NCUA). --------------------------------------------------------------------------- [[Page 49091]] Consistency With Safety and Soundness The agencies also have determined that the exceptions are consistent with safety and soundness, provided that the depository institution determines and maintains appropriate documentation of the following: (1) The property involved was located in the major disaster area; (2) there is a binding commitment to fund the transaction that was entered into on or within 36 months of the date that the area was declared a major disaster; and (3) the value of the real property supports the institution's decision to enter into the transaction. In addition, the transaction must continue to be subject to review by management and by the agencies in the course of examinations of the institution. Expiration Date Exceptions made under section 1123 of FIRREA may be provided for no more than three years after the President determines a major disaster exists in an area.\11\ The agencies have determined that the exceptions provided for by this order shall expire three years after the date the President declared a major disaster in each state or territory. --------------------------------------------------------------------------- \11\ 12 U.S.C. 3352(b). --------------------------------------------------------------------------- Order In accordance with section 2 of DIDRA, relief is hereby granted from the provisions of Title XI of FIRREA and the agencies' appraisal regulations for any real estate-related financial transaction that requires the services of an appraiser under those provisions, provided that the institution determines each of the following and maintains supporting documentation made available to the agencies upon request: (1) The transaction involves real property located in an area of a state or territory that has been declared a major disaster by the President as a result of severe storms and flooding related to Hurricanes Harvey, Irma, or Maria. The specific areas covered are identified in the Appendix and include: a. The 39 counties in Texas under the declaration of August 25, 2017 (as amended); \12\ --------------------------------------------------------------------------- \12\ See https://www.fema.gov/disaster/4332. --------------------------------------------------------------------------- b. The two islands in the U.S. Virgin Islands under the declaration of September 7, 2017; \13\ --------------------------------------------------------------------------- \13\ See https://www.fema.gov/disaster/4335. --------------------------------------------------------------------------- c. The 48 counties in Florida under the declaration of September 10, 2017 (as amended); \14\ --------------------------------------------------------------------------- \14\ See https://www.fema.gov/disaster/4337. --------------------------------------------------------------------------- d. The four municipalities in Puerto Rico under the declaration of September 10, 2017; \15\ --------------------------------------------------------------------------- \15\ See https://www.fema.gov/disaster/4336. --------------------------------------------------------------------------- e. The three counties in Georgia under the declaration of September 15, 2017; \16\ --------------------------------------------------------------------------- \16\ See https://www.fema.gov/disaster/4338. --------------------------------------------------------------------------- f. The 54 municipalities in Puerto Rico under the declaration of September 20, 2017; \17\ and --------------------------------------------------------------------------- \17\ See https://www.fema.gov/disaster/4339. --------------------------------------------------------------------------- g. The island in the U.S. Virgin Islands under the declaration of September 21, 2017.\18\ --------------------------------------------------------------------------- \18\ See https://www.fema.gov/disaster/4340. --------------------------------------------------------------------------- (2) There is a binding commitment to fund a transaction that was entered into on or after: (a) August 25, 2017, but no later than August 24, 2020, for areas declared a major disaster in Texas as a result of Hurricane Harvey; (b) September 7, 2017, but no later than September 6, 2020, for areas declared a major disaster in the U.S. Virgin Islands as a result of Hurricane Irma; (c) September 10, 2017, but no later than September 9, 2020, for areas declared a major disaster in Florida and Puerto Rico as a result of Hurricane Irma; (d) September 15, 2017, but no later than September 14, 2020, for areas declared a major disaster in Georgia as a result of Hurricane Irma; (e) September 20, 2017, but no later than September 19, 2020, for areas declared a major disaster in Puerto Rico as a result of Hurricane Maria; or (f) September 21, 2017, but no later than September 20, 2020, for areas declared a major disaster in the U.S. Virgin Islands as a result of Hurricane Maria. (3) The value of the real property supports the institution's decision to enter into the transaction. Appendix: Areas Declared a Major Disaster Hurricane Harvey Texas: Aransas, Austin, Bastrop, Bee, Brazoria, Calhoun, Chambers, Colorado, DeWitt, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Hardin, Harris, Jackson, Jasper, Jefferson, Karnes, Kleberg, Lavaca, Lee, Liberty, Matagorda, Montgomery, Newton, Nueces, Orange, Polk, Refugio, Sabine, San Jacinto, San Patricio, Tyler, Victoria, Walker, Waller, and Wharton counties. Hurricane Irma Florida: Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lafayette, Lake, Lee, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Union, and Volusia counties. Georgia: Camden, Chatham, and Glynn counties. Puerto Rico: Canovanas, Culebra, Loiza, and Vieques Municipalities. U.S. Virgin Islands: St. John (Island), St. Thomas (Island). Hurricane Maria U.S. Virgin Islands: St. Croix (Island). Puerto Rico: Aguas Buenas, Aibonito, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayam[oacute]n, Caguas, Can[oacute]vanas, Carolina, Cata[ntilde]o, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Dorado, Fajardo, Florida, Guayama, Guaynabo, Gurabo, Humacao, Jayuya, Juana D[iacute]az, Juncos, Las Piedras, Lo[iacute]za, Luquillo, Manati, Maunabo, Morovis, Naguabo, Naranjito, Orocovis, Patillas, Ponce, Rio Grande, Salinas, San Juan, San Lorenzo, Santa Isabel, Toa Alta, Toa Baja, Trujillo Alto, Utuado, Vega Alta, Vega Baja, Vieques, Villalba, and Yabucoa Municipalities. Dated: October 6, 2017. Keith A. Noreika, Acting Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System, October 16, 2017. Michele Taylor Fennell, Assistant Secretary of the Board. Dated at Washington, DC, this 12th day of October, 2017. By order of the Board of Directors. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Dated at Alexandria, VA, this 16th day of October, 2017. By order of the Board of Directors. National Credit Union Administration. Gerard Poliquin, Secretary of the Board. [FR Doc. 2017-22957 Filed 10-23-17; 8:45 am] BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P; 7535-01-P
![Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Rules and Regulations 49089
were discussed, based upon the relative periodically reviewed to reduce §§ 983.1 through 983.92 [Designated as
value of various activities to the information requirements and Subpart A]
pistachio industry. The Committee duplication by industry and public ■ 2. Designate §§ 983.1 through 983.92
ultimately determined that the 2017–18 sector agencies. as subpart A and add a heading for
production year expenses of $672,900 AMS is committed to complying with subpart A to read as follows:
were prudent, and the assessment the E-Government Act, to promote the
income provided by the reduced rate, use of the internet and other Subpart A—Order Regulating Handling
interest income, CPRB management information technologies to provide [Subpart Redesignated as Subpart B
income, and funds from the financial increased opportunities for citizen and Amended]
reserve, would permit the Committee to access to Government information and
meet its expenses, while not adding to ■ 3. Redesignate ‘‘Subpart—Rules and
services, and for other purposes. Regulations’’ as subpart B and revise the
the financial reserve. USDA has not identified any relevant
According to data from NASS, the heading to read as follows:
Federal rules that duplicate, overlap, or
season average producer price was $3.29
conflict with this rule. Subpart B—Administrative
per pound of assessed weight pistachios
in 2015 and $1.68 per pound in 2016. A small business guide on complying Requirements
A review of historical and preliminary with fruit, vegetable, and specialty crop
[Subpart Redesignated as Subpart C]
information pertaining to the upcoming marketing agreements and orders may
be viewed at: http://www.ams.usda.gov/ ■ 4. Redesignate ‘‘Subpart—Assessment
production year indicates that the Rate’’ as subpart C.
producer revenue for the 2017–18 rules-regulations/moa/small-businesses.
Any questions about the compliance ■ 5. Section 983.253 is revised to read
production year could range between as follows:
$924,000,000 and $1,809,500,000. guide should be sent to Richard Lower
Therefore, the estimated assessment at the previously mentioned address in § 983.253 Assessment rate.
revenue for the 2017–18 production the FOR FURTHER INFORMATION CONTACT
On and after September 1, 2017, an
year as a percentage of total producer section.
assessment rate of $0.0001 per pound is
revenue could range between 0.00003 After consideration of all relevant established for California, Arizona, and
and 0.00006 percent. material presented, including the New Mexico pistachios.
This action decreases the assessment information and recommendation
obligation imposed on handlers. submitted by the Committee and other Dated: October 16, 2017.
Assessments are applied uniformly on available information, it is hereby found Bruce Summers,
all handlers, and some of the costs may that this rule, as hereinafter set forth, Acting Administrator, Agricultural Marketing
be passed on to producers. However, will tend to effectuate the declared Service.
decreasing the assessment rate reduces policy of the Act. [FR Doc. 2017–22711 Filed 10–23–17; 8:45 am]
the burden on handlers, and may reduce Pursuant to 5 U.S.C. 553, it is also BILLING CODE 3410–02–P
the burden on producers. Additionally, found and determined that good cause
the Committee’s meetings were widely exists for not postponing the effective
publicized throughout the California, date of this rule until 30 days after DEPARTMENT OF THE TREASURY
Arizona, and New Mexico pistachio publication in the Federal Register
industry, and all interested persons because handlers are aware of this rule, Office of the Comptroller of the
were invited to attend the meetings and which was recommended at a public Currency
encouraged to participate in Committee meeting. This interim rule provides for
deliberations on all issues. Like all a 60-day comment period, and all 12 CFR Part 34
Committee meetings, the July 10, 2017, comments timely received will be [Docket No. OCC–2017–0024]
and August 1, 2017, meetings were considered prior to finalization of this
public meetings and all entities, both rule. The decreased assessment rate is FEDERAL RESERVE SYSTEM
large and small, were able to express necessary to fund reasonable and
views on this issue. Finally, interested necessary expenses of the program, 12 CFR Part 225
persons are invited to submit comments while keeping the funds in the reserve
on this interim rule, including the [Docket No. OP–1577]
within the maximum limit permitted by
regulatory and informational impacts of the order. Moreover, the decreased FEDERAL DEPOSIT INSURANCE
this action on small businesses. assessment rate reduces the economic
In accordance with the Paperwork CORPORATION
burden on handlers.
Reduction Act of 1995 (44 U.S.C.
Chapter 35), the order’s information List of Subjects in 7 CFR Part 983 12 CFR Part 323
collection requirements have been
Marketing agreements, Pistachios, NATIONAL CREDIT UNION
previously approved by OMB and
Reporting and recordkeeping ADMINISTRATION
assigned OMB No. 0581–0215,
requirements.
‘‘Vegetable and Specialty Crop
Marketing Orders.’’ No changes in those For the reasons set forth in the 12 CFR Part 722
requirements as a result of this action preamble, 7 CFR part 983 is amended as
Temporary Exceptions to the Financial
are necessary. Should any changes follows:
Institutions Reform, Recovery, and
become necessary, they would be
pmangrum on DSK3GDR082PROD with RULES
PART 983—PISTACHIOS GROWN IN Enforcement Act of 1989 (FIRREA)
submitted to OMB for approval. Appraisal Requirements in Areas
This action imposes no additional CALIFORNIA, ARIZONA, AND NEW
MEXICO Affected by Severe Storms and
reporting or recordkeeping requirements
Flooding Related to Hurricanes
on either small or large California,
■ 1. The authority citation for 7 CFR Harvey, Irma, and Maria
Arizona, and New Mexico pistachio
handlers. As with all Federal marketing part 983 continues to read as follows: AGENCY: Office of the Comptroller of the
order programs, reports and forms are Authority: 7 U.S.C. 601–674. Currency, Treasury (OCC); Board of
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![Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Rules and Regulations 49091
Consistency With Safety and Soundness e. The three counties in Georgia under Seminole, St. Johns, St. Lucie, Sumter,
the declaration of September 15, Suwannee, Union, and Volusia counties.
The agencies also have determined Georgia: Camden, Chatham, and Glynn
that the exceptions are consistent with 2017; 16
f. The 54 municipalities in Puerto counties.
safety and soundness, provided that the Puerto Rico: Canovanas, Culebra, Loiza,
depository institution determines and Rico under the declaration of September and Vieques Municipalities.
maintains appropriate documentation of 20, 2017; 17 and U.S. Virgin Islands: St. John (Island), St.
g. The island in the U.S. Virgin Thomas (Island).
the following: (1) The property involved
Islands under the declaration of
was located in the major disaster area; Hurricane Maria
September 21, 2017.18
(2) there is a binding commitment to U.S. Virgin Islands: St. Croix (Island).
(2) There is a binding commitment to
fund the transaction that was entered Puerto Rico: Aguas Buenas, Aibonito,
fund a transaction that was entered into
into on or within 36 months of the date Arecibo, Arroyo, Barceloneta, Barranquitas,
on or after:
that the area was declared a major (a) August 25, 2017, but no later than Bayamón, Caguas, Canóvanas, Carolina,
disaster; and (3) the value of the real August 24, 2020, for areas declared a
Cataño, Cayey, Ceiba, Ciales, Cidra, Coamo,
property supports the institution’s Comerio, Corozal, Culebra, Dorado, Fajardo,
major disaster in Texas as a result of Florida, Guayama, Guaynabo, Gurabo,
decision to enter into the transaction. In Hurricane Harvey;
addition, the transaction must continue Humacao, Jayuya, Juana Dı́az, Juncos, Las
(b) September 7, 2017, but no later Piedras, Loı́za, Luquillo, Manati, Maunabo,
to be subject to review by management than September 6, 2020, for areas Morovis, Naguabo, Naranjito, Orocovis,
and by the agencies in the course of declared a major disaster in the U.S. Patillas, Ponce, Rio Grande, Salinas, San
examinations of the institution. Virgin Islands as a result of Hurricane Juan, San Lorenzo, Santa Isabel, Toa Alta,
Irma; Toa Baja, Trujillo Alto, Utuado, Vega Alta,
Expiration Date Vega Baja, Vieques, Villalba, and Yabucoa
(c) September 10, 2017, but no later
Exceptions made under section 1123 Municipalities.
than September 9, 2020, for areas
of FIRREA may be provided for no more Dated: October 6, 2017.
declared a major disaster in Florida and
than three years after the President Keith A. Noreika,
Puerto Rico as a result of Hurricane
determines a major disaster exists in an
Irma; Acting Comptroller of the Currency.
area.11 The agencies have determined (d) September 15, 2017, but no later By order of the Board of Governors of the
that the exceptions provided for by this than September 14, 2020, for areas Federal Reserve System, October 16, 2017.
order shall expire three years after the declared a major disaster in Georgia as Michele Taylor Fennell,
date the President declared a major a result of Hurricane Irma;
disaster in each state or territory. Assistant Secretary of the Board.
(e) September 20, 2017, but no later Dated at Washington, DC, this 12th day of
Order than September 19, 2020, for areas October, 2017.
In accordance with section 2 of declared a major disaster in Puerto Rico By order of the Board of Directors.
DIDRA, relief is hereby granted from the as a result of Hurricane Maria; or
Federal Deposit Insurance Corporation.
(f) September 21, 2017, but no later
provisions of Title XI of FIRREA and the Robert E. Feldman,
than September 20, 2020, for areas
agencies’ appraisal regulations for any Executive Secretary.
declared a major disaster in the U.S.
real estate-related financial transaction Dated at Alexandria, VA, this 16th day of
Virgin Islands as a result of Hurricane
that requires the services of an appraiser October, 2017.
Maria.
under those provisions, provided that By order of the Board of Directors.
(3) The value of the real property
the institution determines each of the
supports the institution’s decision to National Credit Union Administration.
following and maintains supporting
enter into the transaction. Gerard Poliquin,
documentation made available to the
agencies upon request: Appendix: Areas Declared a Major Secretary of the Board.
(1) The transaction involves real Disaster [FR Doc. 2017–22957 Filed 10–23–17; 8:45 am]
property located in an area of a state or Hurricane Harvey
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P;
7535–01–P
territory that has been declared a major
disaster by the President as a result of Texas: Aransas, Austin, Bastrop, Bee,
Brazoria, Calhoun, Chambers, Colorado,
severe storms and flooding related to DeWitt, Fayette, Fort Bend, Galveston,
Hurricanes Harvey, Irma, or Maria. The DEPARTMENT OF TRANSPORTATION
Goliad, Gonzales, Hardin, Harris, Jackson,
specific areas covered are identified in Jasper, Jefferson, Karnes, Kleberg, Lavaca, Federal Aviation Administration
the Appendix and include: Lee, Liberty, Matagorda, Montgomery,
a. The 39 counties in Texas under the Newton, Nueces, Orange, Polk, Refugio,
declaration of August 25, 2017 (as Sabine, San Jacinto, San Patricio, Tyler,
14 CFR Part 39
amended); 12 Victoria, Walker, Waller, and Wharton [Docket No. FAA–2016–6429; Product
b. The two islands in the U.S. Virgin counties. Identifier 2015–NM–117–AD; Amendment
Islands under the declaration of Hurricane Irma 39–19083; AD 2017–22–03]
September 7, 2017; 13 RIN 2120–AA64
Florida: Alachua, Baker, Bradford, Brevard,
c. The 48 counties in Florida under Broward, Charlotte, Citrus, Clay, Collier,
the declaration of September 10, 2017 Columbia, DeSoto, Dixie, Duval, Flagler, Airworthiness Directives; Airbus
(as amended); 14 Gilchrist, Glades, Hardee, Hendry, Hernando, Airplanes
d. The four municipalities in Puerto Highlands, Hillsborough, Indian River,
AGENCY: Federal Aviation
pmangrum on DSK3GDR082PROD with RULES
Rico under the declaration of September Lafayette, Lake, Lee, Levy, Manatee, Marion,
10, 2017; 15 Martin, Miami-Dade, Monroe, Nassau, Administration (FAA), Department of
Okeechobee, Orange, Osceola, Palm Beach, Transportation (DOT).
11 12 U.S.C. 3352(b). Pasco, Pinellas, Polk, Putnam, Sarasota, ACTION: Final rule.
12 See https://www.fema.gov/disaster/4332.
13 See https://www.fema.gov/disaster/4335. 16 See https://www.fema.gov/disaster/4338. SUMMARY: We are superseding
14 See https://www.fema.gov/disaster/4337. 17 See https://www.fema.gov/disaster/4339. Airworthiness Directive (AD) 2015–05–
15 See https://www.fema.gov/disaster/4336. 18 See https://www.fema.gov/disaster/4340. 02, which applied to all Airbus Model
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Document Created: 2018-10-25 10:08:08
Document Modified: 2018-10-25 10:08:08
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Statement and order; temporary exceptions. | |
| Dates | This order is applicable on October 24, 2017 and expires three years after the date the President declared the relevant state or territory a major disaster, as follows. | |
| Contact | OCC: Kevin Lawton, Appraisal Specialist, Chief National Bank Examiner's Office, at (202) 649-7152; Christopher Manthey, Special Counsel, Chief Counsel's Office, at (202) 649-6203; or Mitchell Plave, Special Counsel, Chief Counsel's Office, at (202) 649-6285 or, for persons who are deaf or hearing impaired, TTY (202) 649-5597. | |
| FR Citation | 82 FR 49089 | |
| CFR Citation | 12
CFR
225 12 CFR 323 12 CFR 34 12 CFR 722 |
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