Although appraisals are not strictly required by regulation, In this session we will discuss the recent FinCEN Advisory FIN 2022-A002 and the ongoing concern of Elder Financial Exploitation (EFE) financial institutions must manage, with the objective of apprising financial institutions of updated typologies such as new scams and red flags, and your expectations for SAR reporting.

What You Will Learn:
• What is an Appraisal?
• What is a Valuation?
• Appraiser Independence Requirements
• Appraisal Requirements (Part 323.3)
• Regulation B’s Appraisal Rules
• HPML Appraisal Rules

Who Should Attend: Lending Officers and Administrators, Compliance Personnel.

Air Date: August 25, 2022