Banking Agencies Propose Rule to Increase Appraisal Exemption Transaction Value

The FDIC, Federal Reserve Board and Comptroller of the Currency are proposing a rule to implement a rural property appraisal exemption under the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) and also increase the appraisal exemption based on transaction value from $250,000 to $400,000. As we reported previously, the Act amends the... Continue Reading…...(read more)

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