For this reason, the fresh new NCUA was finalizing the newest $1 million endurance because the proposed

Underneath the final signal, an assessment did by the a state-certified appraiser will become necessary to have transactions that are not excused under part (3)(a) in addition to exchange worth are $1 million or maybe more. So it escalates the endurance where industrial home-associated financial purchases try excused away from appraisal criteria out-of $250,000 to help you $one million. The Board cards here is the simply provision in the last code that needs an appraisal…

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