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OCC Bulletin 2024-6 | February 15, 2024

Real Estate Appraisals and Evaluations: FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending


Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties


The Federal Financial Institutions Examination Council (FFIEC),1 on behalf of its member entities, issued this statement to communicate principles for the examination of supervised institutions’ residential property appraisal and evaluation (valuation) practices to (1) mitigate risks that may arise due to potential discrimination or bias in those practices, and (2) promote credible valuations.

Note for Community Banks

This statement applies to examinations of community banks.2


This statement

  • describes risks from valuation discrimination and bias.
  • discusses applicable statutes, regulations, and guidance.
  • includes consumer compliance and safety and soundness examination principles relative to assessing supervised institutions’ residential real estate valuation programs.

Further Information

Please contact Vonda Eanes, Director for Community Reinvestment Act and Fair Lending Policy, Compliance Risk Policy Division, at (202) 649-5470 or Terence W. Culler, Director for Retail Credit Risk Policy, at (202) 649-6220.


Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy

Related Link

1 The FFIEC member entities are the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the National Credit Union Administration, and the State Liaison Committee. The FFIEC was established in March 1979 to prescribe uniform principles, standards, and report forms and to make recommendations to promote uniformity in supervisory matters. Issuance of this statement aligns with the FFIEC’s mission of promoting consistency in supervisory matters.

2 “Banks” refers collectively to national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.