Other Real Estate Owned (OREO)
National banks may hold other real estate owned under certain circumstances for prescribed periods. Real property becomes other real estate owned through a variety of circumstances; for example, as conveyance in satisfaction of debts previously contracted or the relocation of banking premises.
Other Real Estate Owned (Section 219) (Comptroller’s Handbook, September 2013)
Provides an overview and examiner guidance for policies, procedures, and recordkeeping related to other real estate owned
BB = Banking Bulletin
Part 34: Real Estate Lending, Appraisals—Final Rule Subpart E—OREO (OCC 1996-22, April 1996), Final Rule (Federal Register, March 20, 1996)
Revises various subparts of Part 34 to clarify rules and eliminate unnecessary regulatory burdens