12 CFR 34.81
§ 34.81 Definitions.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 34.81, § 34.81 Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43423
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Full text
Debts previously contracted (DPC) real estate means real estate (including leases) acquired by a national bank or Federal savings association through any means in full or partial satisfaction of a debt previously contracted.
Former banking premises means real estate permissible under § 7.1000(a)(1) of this chapter that is no longer used or contemplated to be used for the purposes permitted under that section.
Market value means the value determined in accordance with subpart C of this part.
Other real estate owned (OREO) means:
(1) DPC real estate; and
(2) Former banking premises.
Recorded investment amount means:
(1) For loans, the recorded loan balance, as determined by generally accepted accounting principles; and
(2) For former banking premises, the net book value.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.