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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Financial Institution Letters

FIL-14-2018
April 2, 2018

Appraisal Threshold for Commercial Real Estate Loans

Printable Format:

FIL-14-2018 - PDF (PDF Help)

Summary:

The FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (the Agencies) jointly issued an amended rule titled Real Estate Appraisals (Appraisal Rule), which will be published in the Federal Register. The Appraisal Rule increases the current appraisal threshold for commercial real estate (CRE) transactions from $250,000 to $500,000. The Appraisal Rule addresses comments received during the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review process, which requires that, not less than once every ten years, the Agencies, along with the Federal Financial Institutions Examination Council, conduct a review of the Agencies' regulations to identify outdated or otherwise unnecessary or burdensome regulatory requirements.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2018/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).

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