# Real Estate Appraisals
> **US National Credit Union Administration** · Final rule. · Published 2019-07-24 · Effective 2019-10-22 · 84 FR 35525
## Document
- **Document number:** 2019-15708
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 84 FR 35525
- **CFR reference:** 12 CFR 722
- **Publication date:** 2019-07-24
- **Effective date:** 2019-10-22
## Abstract

The NCUA Board (Board) is amending the agency's rule requiring real estate appraisals for certain transactions. The final rule accomplishes four objectives: Increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000; restructuring the rule to enhance clarity; exempting from the rule certain federally related transactions involving real estate in a rural area; and making conforming amendments to the definitions section.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/07/24/2019-15708/real-estate-appraisals)
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