# Appraisal Standards for Federally Related Transactions
> **US Federal Reserve System** · Final rule. · Published 1998-11-27 · Effective 1998-12-28 · 63 FR 65530
## Document
- **Document number:** 98-31602
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 63 FR 65530
- **CFR reference:** 12 CFR 225
- **Publication date:** 1998-11-27
- **Effective date:** 1998-12-28
- **Docket:** Regulation Y
## Abstract

The Board of Governors of the Federal Reserve System has approved an amendment to Subpart G of the Board's Regulation Y, Appraisal Standards for Federally Related Transactions, which exempts from the Board's appraisal requirements transactions involving the underwriting or dealing of mortgage-backed securities. This amendment permits bank holding company subsidiaries engaged in underwriting and dealing in securities (so-called section 20 subsidiaries) to underwrite and deal in mortgage-backed securities without demonstrating that the loans underlying the securities are supported by appraisals that meet the Board's appraisal requirements.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/11/27/98-31602/appraisal-standards-for-federally-related-transactions)
---
*AI Analytics · CC0 1.0*