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Appraisal requirement threshold increases for commercial real estate transactions

By July 30, 2019 No Comments
national credit union appraisal threshold increase

ALEXANDRIA, Va. (July 18, 2019) – The National Credit Union Administration Board held its seventh open meeting of 2019 at the agency’s headquarters today and approved three items:

    • A final rule amending the agency’s regulation requiring real estate appraisals for certain transactions to provide greater clarity and a measure of regulatory relief.
    • A proposed interpretive rule and policy statement that would expand career opportunities for individuals convicted of certain minor offenses.
    • A final rule updating the agency’s fidelity bond requirements for corporate and natural-person credit unions.

The Chief Financial Officer briefed the Board on the agency’s revised 2019 budget estimates, which currently project redistributing …

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