July 19, 2019 – See the link below for more info about the NCUA’s decision to one up banks and raise the commercial appraisal threshold from $250,000 to $1,000,000. Banks recently had their threshold for this loan category raised to $500,000. The obvious question is will banks be able to get their regulators to follow what the NCUA did….we shall see.
For those who are jumping on my Evaluation bandwagon after 25+ years, this only means more work for you. If your State does not allow licensed/certified appraisers to perform non-USPAP Evaluations, you need to get them moving on this. Can you hear me North and South Carolina:)