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TREAS/OCC RIN: 1557-AE18 Publication ID: Fall 2017 
Title: Appraisal Threshold 
Abstract:

The OCC, FDIC, and FRB plan to issue a final rule addressing comments received through the process of regulatory review required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 Amendments (EGRPRA), concerning the regulatory burden associated with appraisals.  The rulemaking would expand the current exemption in the interagency rules for appraisals of commercial properties by increasing the appraisal threshold in 12 CFR part 34 (and in the corresponding regulations of the FDIC and FRB), which is currently set at $250,000.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 34   
Legal Authority: 12 U.S.C. 1 et seq.    12 U.S.C. 25b    12 U.S.C. 29    12 U.S.C. 93a    12 U.S.C. 371    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1465    12 U.S.C. 1701j-3    12 U.S.C. 1828(o)    12 U.S.C. 3331 et seq.    12 U.S.C. 5101 et seq.    12 U.S.C. 5412(b)(2)(B)    15 U.S.C. 1639h   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/31/2017  82 FR 35478   
NPRM Comment Period End  09/29/2017 
Final Rule  04/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov/docket?D=OCC-2017-0011   Public Comment URL: www.regulations.gov/docket?D=OCC-2017-0011  
RIN Data Printed in the FR: No 
Agency Contact:
Mitchell Plave
Special Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6285
Email: mitchell.plave@occ.treas.gov