Regulatory Alerts2025-04-15 | FIL-10-2025FDIC Issues Temporary Exceptions to Appraisal Requirements in Los Angeles County as Affected by California Wildfires and Straight-line Winds
The Federal Deposit Insurance Corporation (FDIC) has issued a temporary exception to appraisal requirements for real estate-related transactions in Los Angeles County impacted by California wildfires and straight-line winds. Institutions may apply this flexibility to transactions with binding funding commitments entered between January 8, 2025, and January 8, 2028, provided the property value supports the lending decision. The exception remains valid for three years following the major disaster declaration and requires ongoing management review alongside standard FDIC supervisory examinations.
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