On June 24, BPI submitted a comment letter to the OCC on its proposal to update regulations governing other real estate owned (OREO), or properties owned by a financial institution not directly related to its business. The letter offers several recommendations to further the OCC’s efforts to streamline and improve the framework, including recommendations relating to the OREO holding period, OREO-related expenditures, and the disposition of OREO.
BPI Comments on OCC Proposal on Other Owned Real Estate Regulations
