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FIRREA

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
FIRREAFinancial Institutions Reform Recovery and Enforcement Act of 1989


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Furthermore, it establishes a federal appraisal independence standard with significant monetary penalties for violations and it modernizes provisions of Title XI of FIRREA to provide additional resources for state enforcement and greater accountability of federal and state appraisal regulators.
FIRREA also included: $50 billion of new borrowing authority; net worth requirements and regulation by the OTS and FDIC; and allocation funds to the U.
While not required to do so by FIRREA, the Board of Governors of the Federal Reserve System (Federal Reserve) and Office of the Comptroller of the Currency (OCC) have established some minority bank support efforts.
 
 
 
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