FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCEMENT ACT

Financial Institutions Reform, Recovery, and Enforcement Act: translation

Financial Institutions Reform, Recovery, and Enforcement Act ( FIRREA)

A federal law enacted in 1989. FIRREA primarily addresses the operation of savings and loan associations; however, it includes a number of important provisions affecting commercial banks. Arguably the most important FIRREA provisions affecting banks are those that address requirements for real estate appraisals. American Banker Glossary