NCUA board agenda includes final rule on real estate appraisals

NCUAboard2019

NCUA has released its agenda for the agency’s upcoming board meeting. The open portion of the meeting is scheduled for Thursday, July 18, at 10 a.m.

The board will consider a final rule governing real estate appraisals. As previously reported, the board proposed a rule in September 2018 that would increase the appraisal threshold for commercial real estate-related transactions to $1 million from $250,000. The agency said the rule was primarily proposed to deliver regulatory relief to credit unions.

Other agenda items for the agency’s upcoming board meeting include:

  • a 2019 mid-session budget;
  • a final rule, parts 704 and 713, fidelity bonds; and
  • a proposed interpretive rule and policy statement, guidance regarding prohibitions imposed by section 205 (d).

The open meeting will be streamed live on NCUA’s website and will be followed by a closed meeting at 11:30 a.m. Results from the meeting will be reported in The New York Minute.

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