Federal Regulators Consider Increasing Commercial Loan Threshold for requiring Appraisals

According to The Kiplinger Letter online, Federal regulators are considering increasing the commercial loan dollar amount that would trigger the need for an appraisal.

Currently the loan amount is $250,000 or more and the proposed increase is to $400,000 or more requiring an appraisal.  If approved this would be the first increase to this amount in 23 years.

Kiplinger Letter online

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