Credit Union Forms Get Boring Renewal Stamp
Published Date: 10/31/2025
Notice
Summary
The National Credit Union Administration (NCUA) is renewing its approval to collect info about real estate appraisals from credit unions. This helps keep loans safe and fair by making sure appraisals meet certain standards. If you want to share your thoughts, send comments by December 1, 2025—no big cost changes, just keeping rules up to date!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Appraisal Records: Big Paperwork Load
If you run or work for a credit union, the NCUA is renewing rules that require credit unions to obtain written appraisals for federally related real estate transactions or keep written support for estimated market value. The renewal cites OMB No. 3133-0125, estimates 3,451 respondents, 1,898,740 total annual responses, about 11 hours per response, and an estimated 215,621 total annual burden hours.
AVM Quality Controls Required for Lenders
The notice describes related interagency requirements for automated valuation models (AVMs) used by mortgage originators and secondary market issuers: institutions engaging in certain credit or securitization decisions would need policies, procedures, and controls to ensure AVMs meet quality standards, protect against data manipulation, avoid conflicts of interest, require random sample testing and reviews, and comply with nondiscrimination laws.
Corporate Credit Unions: Reporting Burden
NCUA is renewing information collection for corporate credit unions under 12 CFR part 704 (OMB No. 3133-0129). The agency estimates 11 respondents, 241 total annual responses, about 5 hours per response, and 230 total annual burden hours.
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Related Federal Register Documents
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