{"data":{"id":"us/12-cfr-34.81","jurisdiction":"us","citation":"12 CFR 34.81","heading":"Definitions.","body":"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.\nFormer 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.\nMarket value means the value determined in accordance with subpart C of this part.\nOther real estate owned (OREO) means:\n(1) DPC real estate; and\n(2) Former banking premises.\nRecorded investment amount means:\n(1) For loans, the recorded loan balance, as determined by generally accepted accounting principles; and\n(2) For former banking premises, the net book value.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 34—REAL ESTATE LENDING AND APPRAISALS","Subpart E—Other Real Estate Owned"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"d7256b42611ff5a4de14ca036a3e02f11e9909126ba6e6d76a1e0a8ede8d70c4","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-appendix-a-to-subpart-d-of-part-34","next":"us/12-cfr-34.82"},"notice":"GroundRules: Original legal text. Not legal advice."}