Real estate appraisals

July 23, 2019 NCUA, Regulation lookup 0

Title:	Real Estate Appraisals
Subject:	Appraisals
Agency:	NCUA
Status:	Final rule
Summary:	The NCUA Board is amending the agency’s rule requiring real estate appraisals for certain transactions. The final rule accomplishes four objectives: increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000; restructuring the rule to enhance clarity; exempting from the rule certain federally related transactions involving real estate in a rural area; and making conforming amendments to the definitions section.
FR Doc:	2019-15708
Date proposed:	Oct. 3, 2018
Comments due date:
Final rule effective date:	Oct. 22, 2019
Rule compliance date:
Agency release:	Appraisal Rule Will Help Boost Economic Activity, Job Creation in Communities
Related Reg Report item(s):	Voting 2-1, NCUA Board sets $1 million threshold for CUs’ commercial RE transactions subject to appraisals

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