Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of $500,000 or Less from Appraisal Requirements

The federal banking agencies issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000. The final rule responds, in part, to concerns raised during the Economic Growth and Regulatory Paperwork Reduction Act review process completed in March 2017....(read more)

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