Thursday, July 18, 2019

NCUA Raises the CRE Appraisal Threshold to $1 Million

By a two-to-one vote, the National Credit Union Administration board on July 18 finalized a proposal to raise the threshold at which credit unions must obtain appraisals for commercial real estate (CRE) transactions from $250,000 to $1 million.

However, this new level is out of step with other federal financial regulators, which have set the CRE appraisal threshold for banks at $500,000.

The final rule also exempts real estate transactions located in rural areas from appraisal requirements if certain conditions are met.
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1 comment:

  1. AnonymousJuly 22, 2019 at 9:01 AM

    Sounds like the playbook from the S&L crisis..regulator with the least commercial lending experience removing restrictions on CRE loans!

    ReplyDelete

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