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Federal Regulatory Proposals

Action Alert

Click here to to submit comments in support of maintaining the residential and business loan appraisal threshold levels and opposing the proposed increase in the commercial real estate appraisal threshold level.

Federal Banking Agencies

July 19, 2017

Notice of Proposed Rulemaking; Request for Comment

Real Estate Appraisal Threshold

Summary: 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.


Comment Deadline: Mid September 2017




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