Comment Period on the Appraisal Threshold Issue is Open

ICAP recently sent out the following notice to appraisers as a reminder of the comment period regarding the Agencies regulations on Appraisal threshold levels.

In a notice published in the Federal Register on December 23, 2015, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities. 

ICAP believes that increasing the appraisal threshold levels could have a negative impact on safe and sound real estate lending practices and opposes a threshold increase. 

Comments are due by March 22, 2016. ICAP members are encouraged to express their thoughts directly to the Agencies by clicking the link below.

ICAP reported earlier about this issue 
here and will keep their membership posted as things develop.

Click here to view the December 23 Federal Register notice seeking stakeholder comments