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Appraisal Institute Provides Clarification on Disaster Appraisal Exemptions, Collateral Risks

Appraisal Institute Provides Clarification on Disaster Appraisal Exemptions, Collateral Risks

According to the press release, banks and their regulators want to avoid being in a position of declining loan applications, a forced margin call, or failing to help with the economic recovery due to statutory appraisal obligations. That said, their collateral risks are real and potentially even greater than before the hurricanes struck.

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