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Glossary

FACT Act
Fair and Accurate Credit Transactions Act
HOEPA
Home Ownership Equity Protection Act
CRA
Community Reinvestment Act
BSA
Bank Secrecy Act
AML
Anti-money laundering
OFAC
Office Foreign Asset and Control
CDD
Customer Due Diligence
HUD
Housing and Urban Development
FHS
Federal Home Services
FNMA
Federal National Mortgage Association (also referred to as “Fannie Mae”)
FHLMC
Federal Home Loan Mortgage Corp. (also referred to as “Freddie Mac”)
VA
Veterans Affairs
FIRREA
Federal Institution’s Reform, Recovery and Enforcement Act
USPAP
Uniform Standards of Professional Appraisal Practice
ACH
Automated Clearing House
ERISA
Employment Retirement Income Security Act
ESOP
Employee Stock Ownership Plan
FAS 5
Financial Accounting Standards No. 5
FAS 114
Financial Accounting Standards No. 14