The Federal Reserve Lisa Cook has not violated the rules on tax relief for the home that Cook said as its main residence.

As stated in Reutersthis element could enhance Cook’s defense against Trump’s efforts to remove it from the Bank’s Board of Directors.

Ann Arbor ‘He has no reason to believe’ that Cook has violated real estate tax rules, he told Reuters Municipal appraiser Jerry Marquee. Cook has occasionally lived elsewhere, and the city’s records show that he has requested permission from Anne Arbor’s authorities to rent Michigan’s home in the short term.

The temporary absence from home or short -term rental would not exclude it from tax exemption to Ann Arbor, the tax officer said. “The fact that he temporarily resides elsewhere does not necessarily make a non -eligible owner for exemption from the main residence”said Marquee.

The official’s comments come as President Donald Trump’s government accused the Fed administrator of fraud -related real estate loans in Ann Arbor and Atlanta and the Bill PultDirector of the Federal Housing Funding Service, led the effort, denouncing Cook on social media and referring the matter to the Ministry of Justice, which began an investigation.

By declaring a home as a main house in the US, the owner of a home can secure a better interest rate for the loan and receive discounts from local authorities in real estate taxes.

The Reuters She said last week that Cook, according to a loan estimate for the Atlanta mortgage loan, had informed her lender that the property would be a “holiday home” rather than a main residence.

The full extent of Cook’s statements to its lenders remains unclear, including any documents that may have changed the designation of a “holiday home” until the payment of the mortgage loan. Local officials in Georgia told Reuters That Cook never declared the house as a main house for tax purposes there.

Cook has repeatedly denied any infringement. In a written statement on Monday, her lawyers stated: “The attempt to remove Cook’s administrator is based on selected social media posts by the FHFA manager who collapses under elementary control.”

Since securing a home loan for the home in Michigan in 2021, local real estate records have shown that it has received approval from the city to rent it in the short term in October 2022 and again in April 2024. Some cities, such as Ann Arbor, demand their home.

In April 2025, Cook sought approval to register the house as a long -term lease, according to local archives and city officials. In July, he said he had hired a rental company to manage the property, officials said.

Cook now has a deadline by the end of the year to revoke the discharge from the house tax, Marci, a responsible appraiser in Ann Arbor.

The real estate tax records in both states, along with Cook’s statement that the home in Atlanta is a “holiday home”, could be considered powerful factors in its defense, real estate and legal experts said. For any conviction for mortgage fraud, which is rarely treated as a criminal offense in the United States, prosecutors said they should prove that it has deliberately tried to deceive its lenders.

THE Paul Pelletier, A former Washington -based federal prosecutor, with great experience in bank fraud cases, said the Ministry of Justice would normally deal only with cases in which a financial institution suffered significant damage. “A similar case would never have gone through my office, let alone prosecuted”he said, about the charges against Cook.

The interest rates on Cook’s two housing loans show that Cook did not enjoy discounts compared to the current interest rates available to borrowers when dealing with loans in 2021.

Its interest rate on the 15 -year loan for the Michigan property was 2,875%, compared to a current national interest rate at that time ranging from 2.23%to 2.45%, according to Freddie Mac. And its interest rate on the 30 -year loan for its property in Atlanta was 3.25%, compared to an current interest rate at the time ranging from 2.93%to 3.04%, according to the same figures.