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#1859372 - 10/08/13 02:07 PM Thresholds
Tigg Offline
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Tigg
Joined: Jan 2008
Posts: 6,389
Looking for My Happy Place....
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?
_________________________
What would you do if you knew you could not fail? ~ Dr. R Schuller

My opinion only.

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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#1859550 - 10/08/13 05:52 PM Re: Thresholds Tigg
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
On the right track and running full steam ahead.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#1859581 - 10/08/13 06:21 PM Re: Thresholds Tigg
Tigg Offline
Power Poster
Tigg
Joined: Jan 2008
Posts: 6,389
Looking for My Happy Place....
Thanks, John!
_________________________
What would you do if you knew you could not fail? ~ Dr. R Schuller

My opinion only.

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