Summits

Summits

Appraisals Summit


A recent issue of Texas Bank Report, published by the Texas Department of Banking, identified appraisal and collateral evaluation deficiencies as one of the most glaring issues facing banks in examinations.  The Department specifically identified failure on the part of banks to:
  • Perform timely annual appraisals on Other Real Estate Owned;
  • Update appraisals in distressed markets upon renewal; and

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