A federal law that mandates financial institutions to meet the credit needs of the communities they serve, particularly focusing on low- and moderate-income neighborhoods.
An external appraisal, also known as an independent valuation, is conducted by an impartial third-party appraiser to determine the market value of a property, ensuring objectivity and compliance with regulatory standards.
A daily bulletin published by the U.S. government that provides a record of federal actions. It typically includes executive orders, new federal regulations, and certain other documents related to various sectors including real estate.
A Grandfather Clause is a provision that allows individuals or companies to continue operating under a prior regulation or policy, despite the implementation of new rules which may no longer permit that activity under the new laws.
Hazardous waste is a type of solid waste that poses a substantial or potential threat to human health or the environment due to its quantity, concentration, or characteristics. Proper identification, management, and disposal of hazardous waste are crucial for ensuring safety and compliance with regulatory standards.
A permit is a vital document issued by a government regulatory authority that grants the bearer the right to perform specific activities such as constructing, modifying, or occupying a building.
The act of clearing up a contaminated site, involving specialized techniques and compliance with regulatory standards. Often referred to as 'remediation.'
