On October 3 the National Credit Union Administration (NCUA) proposed a rule amending its real estate appraisal rules for certain transactions. In part, the proposed rule would increase the threshold below which appraisals would not be required for non-residential real estate transactions from $250,000 to $1,000,000. WBA submitted comments urging NCUA to consider its proposed rule in the context of the broader financial services industry and adopt standards that are consistent with the rest of the financially regulated institutions as a member of the FFIEC.

Read the Comment Letter by clicking here.