Federal Banking Agencies Propose Raising Threshold for Requiring Appraisals for Certain Types of Loans

The new proposal also goes further than the reg relief law, by not requiring a good-faith effort by lenders to seek appraisers for loans under the proposed higher threshold. The three bank regulators cited the cost and the time an appraisal takes to complete as the primary reason to expand the scope of exempted loans.

Federal Banking Agencies Propose to Exempt Commercial Real. – The Federal Reserve Board, the federal deposit insurance corporation and the Office of the Comptroller of the Currency (the "Agencies") have issued a proposal to raise the threshold for a commercial real estate transaction requiring an appraisal to $400,000 (the "Proposal").

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Proposal To Increase The Appraisal Threshold On Commercial Real Estate Loans. The Federal Financial Institutions Examination Council’s Joint Report to Congress said the federal banking agencies are developing a proposal to increase the threshold for requiring an appraisal on commercial real estate loans from $250,000 to $400,000.

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Appraisal Threshold | Appraisal Institute – Appraisal Threshold. Per the Economic Growth and Regulatory Paperwork Reduction Act the federal bank regulatory agencies have been reviewing whether to raise the appraisal threshold levles, which currently stand at $250,000 for real estate loans and $1 million for business or owner occupied loans.

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July 26, 2017 Federal Banking Agencies Propose raising cre appraisal threshold. The Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency on July 19 issued a notice of proposed rulemaking to increase to $400,000 the threshold for commercial real estate transactions requiring an appraisal.

The final rule will raise the appraisal threshold for commercial real estate transactions from $250,000 to $500,000. Any commercial real estate transaction with a value in excess of the $500,000 threshold is required to have an appraisal by a state licensed or state certified appraiser.

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency agencies are jointly issuing a notice of proposed rulemaking to raise the threshold requiring commercial real estate appraisals from $250,000 to $400,000.

Regulators Seek Comment on Proposed Jump in Appraisal. – The federal banking regulators proposed an increase in the threshold for commercial real estate transactions requiring an appraisal from the current $250,000 to $400,000, a move the agencies said.

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