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In a notice of proposed rulemaking the Federal Reserve Board said it wants to raise the threshold for commercial real estate transactions requiring an appraisal to $400,000. The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency noted that raising this threshold for commercial real estate transactions from the current level of $250,000 could significantly reduce the number of transactions that require an appraisal, while not posing a problem for banks.
