Office of Thrift Supervision Issues Revision of Examination Handbook

December 17, 2009

The Office of Thrift Supervision (OTS) has issued a regulatory bulletin Dec. 16 announcing the revision of its examination handbook. The revisions incorporate substantive changes to the examination guidance and procedures as a result of revisions to the Real Estate Settlement Procedures Act regulations. The revised handbook section replaces the existing Examination Handbook Section.

Thomas A. Barnes, deputy director, examinations, supervision and consumer protection for the OTS, said the examination procedures have been revised to reflect these changes. Developed on an interagency basis, the procedures reflect a risk-focused approach to examinations. In addition, a questionnaire has been added to the handbook section.

Click here to view the bulletin.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.