Federal banking regulator appraisal threshold

(29) Real estate appraisals .— (A) In general .— With respect to a loan under this subsection that is secured by commercial real property, an appraisal of such property by a State licensed or certified appraiser— (i) shall be required by the Administration in connection with any such loan, if such loan is in an amount greater than the Federal banking regulator appraisal threshold; or (ii) may be required by the Administration or the lender in connection with any such loan, if such loan is in an amount equal to or less than the Federal banking regulator appraisal threshold, if such appraisal is necessary for appropriate evaluation of creditworthiness. (B) Federal banking regulator appraisal threshold defined .— For purposes of this paragraph, the term “Federal banking regulator appraisal threshold” means the lesser of the threshold amounts set by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation for when a federally related transaction that is a commercial real estate transaction requires an appraisal prepared by a State licensed or certified appraiser.

Source

15 USC § 636(b)(29)


Scoping language

For purposes of this paragraph
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