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

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.

As advocated by ICBA, the federal banking agencies raised the transaction-value threshold requiring commercial real estate appraisals from $250,000 to $500,000.

The three federal banking agencies announced they are seeking public comment on a proposal to raise the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.

FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994. would not apply to loans sold to or guaranteed by the Federal Housing. not be required on certain home sales of.

In December 2018, the banking agencies issued a proposal to raise the threshold requiring an appraisal on all residential real estate transactions from $250,000 to $400,000 in value.

Appraisal Threshold The OCC, Federal Reserve Board, and FDIC (collectively, the agencies) have adopted a final rule (effective April 9, 2018) to amend the agencies’ regulations requiring appraisals of real estate for certain transactions.

The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule to amend the agencies’ regulations requiring appraisals of real estate for certain transactions. The final rule increases the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000.

The agencies issued a notice of proposed rulemaking to increase the threshold for requiring an appraisal on commercial real estate loans from $250,000 to $400,000, in a manner consistent with safety and soundness. 6 As part of that proposal, the agencies solicited comments on whether the current $250,000 threshold for residential real estate.

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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.

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State regulators appreciate the opportunity to comment on the proposed rulemaking introduced by the OCC, Board and FDIC ("the Agencies") to amend the Agencies’ regulations requiring appraisals of real estate for certain transactions. The proposal does not increase the threshold for residential real estate transactions, but solicits.

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