Just to be sure I'm thinking this through correctly:
If a loan falls under the Regulation B appraisal rules, the current thresholds ($250,000, $1 million, etc.) will still apply.
However, if the loan falls under the Regulation Z appraisal rules, the thresholds are out the window and you have to get the appraisal performed by a certified/licensed appraiser regardless of the amount of the loan (notwithstanding any exemption the loan might meet).
Am I on the right track here?
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What would you do if you knew you could not fail? ~ Dr. R Schuller
My opinion only.