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The OCC, Board, and FDIC Accepting Comments on Proposed Rule

by Jennifer Aguilar | Dec 13, 2018

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting comment on a proposed rule to amend the agencies’ regulations requiring appraisals for certain real estate-related transactions. The proposed rule would increase the threshold level at or below which appraisals would not be required for residential real estate-related transactions from $250,000 to $400,000. Comment must be received by Tuesday, February 5, 2019.

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