Regualtors Finalize Rule Expanding Exemption for CRE Appraisals
National Mortgage News, Apr. 2, 2018–Rachel Witkowski (subscription)
The rule raises the threshold from $250,000 to $500,000 for commercial real estate transactions. Under the new rule, more transactions are exempt from a long-standing requirement to get an appraisal. Instead, banks can simply get an evaluation of the real property collateral.
