Appraisal Subcommittee Terminates Temporary Waiver Relief for North Dakota Residential Transactions

Summary

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) is terminating a temporary waiver of appraiser credentialing requirements for certain residential real estate transactions in North Dakota. The waiver, granted for one year, was set to expire 60 days after a final rule increasing the appraisal exemption threshold took effect on October 9, 2019.