A recent proposal by the National Credit Union Administration (NCUA) to raise the threshold at which credit unions must obtain appraisals for commercial real estate (CRE) transactions from $250,000 to $1 million would create an unleveled playing field between banks and credit unions, according to the American Banking Association (ABA).
ABA officials say the proposal would put the NCUA’s regulatory treatment of credit unions dramatically out-of-step with its sister agencies.
Read on for more details from the comment letter.
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