Appraisal Threshold

17 organizations filed 18 public comments on Appraisal Threshold, at the Office of the Comptroller of the Currency. The comment window closed 3224d ago.

Abstract

The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to amend the agencies' regulations requiring appraisals of real estate for certain transactions. The proposal would increase the threshold level at or below which appraisals would not be required for commercial real estate transactions from $250,000 to $400,000. This proposed change to the appraisal threshold reflects comments the agencies received through the regulatory review process required by the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and completed in early 2017. For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.

Commenters (17)

• Park View Federal Credit Unionunverified attribution

  2 filings · confidence 70%
• Alabama Bankers Associationtrade assoc.

  1 filing · confidence 85%
• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• American Society of Appraisers & National Association of Independent Fee Appraiserstrade assoc.

  1 filing · confidence 85%
• California Association of REALTORStrade assoc.

  1 filing · confidence 85%
• Conference of State Bank Supervisorstrade assoc.

  1 filing · confidence 85%
• First National Bankunverified attribution

  1 filing · confidence 70%
• Kansas Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• Nebraska Bankers Associationtrade assoc.

  1 filing · confidence 85%
• North Dakota Bankers Associationtrade assoc.

  1 filing · confidence 85%
• South Dakota Bankers Associationtrade assoc.

  1 filing · confidence 85%
• The Appraisal Foundationtrade assoc.

  1 filing · confidence 85%
• The Baraboo National Bankunverified attribution

  1 filing · confidence 70%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%