{"abstract":"The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule to amend the agencies' regulations requiring appraisals of real estate for certain transactions. The final rule increases the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000. The final rule defines commercial real estate transaction as a real estate-related financial transaction that is not secured by a single 1-to-4 family residential property. It excludes all transactions secured by a single 1-to-4 family residential property, and thus construction loans secured by a single 1-to-4 family residential property are excluded. For commercial real estate transactions exempted from the appraisal requirement as a result of the revised threshold, regulated institutions must obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2018/04/09/2018-06960.html","cfr_references":[{"chapter":null,"citation_url":null,"part":34,"title":12},{"chapter":null,"citation_url":null,"part":225,"title":12},{"chapter":null,"citation_url":null,"part":323,"title":12}],"citation":"83 FR 15019","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective on April 9, 2018.","disposition_notes":null,"docket_ids":["Docket No. OCC-2017-0011","Docket No. R-1568","RIN 7100 AE-81"],"dockets":[],"document_number":"2018-06960","effective_on":"2018-04-09","end_page":15036,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2018/04/09/2018-06960.xml","html_url":"https://www.federalregister.gov/documents/2018/04/09/2018-06960/real-estate-appraisals","images":{"ER09AP18.006":{"large":"https://img.federalregister.gov/ER09AP18.006/ER09AP18.006_large.png","original_size":"https://img.federalregister.gov/ER09AP18.006/ER09AP18.006_original_size.png"}},"images_metadata":{"ER09AP18.006":{"large":{"identifier":"ER09AP18.006","content_type":"image/png","size":22049,"width":822,"sha":"5fa1b555d0c597fa7f3e8d575372a986","url":"https://img.federalregister.gov/ER09AP18.006/ER09AP18.006_large.png","height":498},"original_size":{"identifier":"ER09AP18.006","content_type":"image/png","size":41688,"width":3607,"sha":"fddfe4b23ee8cdad30d8898d58cd4938","url":"https://img.federalregister.gov/ER09AP18.006/ER09AP18.006_original_size.png","height":2185}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2018-06960?publication_date=2018-04-09","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2018-04-09/2018-06960/mods.xml","not_received_for_publication":null,"page_length":18,"page_views":{"count":15268,"last_updated":"2026-07-27 08:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2018-04-09/pdf/2018-06960.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2018-06960.pdf?1523018720","publication_date":"2018-04-09","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2018/04/09/2018-06960.txt","regulation_id_number_info":{"3064 AE56":null,"1557-AE18":{"issue":"201710","html_url":"https://www.federalregister.gov/regulations/1557-AE18/appraisal-threshold","title":"Appraisal Threshold","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201710&RIN=1557-AE18&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE18","3064 AE56"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2018-04-29T10:00:14Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":15019,"subtype":null,"title":"Real Estate Appraisals","toc_doc":"Real Estate Appraisals","toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Consumer protection","Credit","Holding companies","Mortgages","Reporting and recordkeeping requirements","Savings associations","Securities"],"type":"Rule","volume":83}