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Tuesday
Oct152019

What's New? New Appraisal Thresholds

DateTuesday, October 15, 2019 at 2:03PM by AuthorBanking Spectrum

The FDIC, the Federal Reserve and the Office of the Comptroller of the Currency  have amended the Appraisal Rule and created a new definition of, and a separate category for, residential real estate transactions and raises the threshold for requiring an appraisal for such transactions from $250,000 to $400,000. Read more here in The Gold Book. 

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