The banking regulators issued a new rule that doubles the threshold for commercial real estate loans requiring an independent appraisal. The idea behind the increased threshold was to reduce the time, cost and regulatory burden associated with processing smaller commercial real estate loans.
Specifically, the rule exempts commercial property sales of $500,000 or less from the appraisal requirement. Regulators originally proposed raising the minimum from $250,000 to $400,000 but bumped the limit up to $500,000 after determining the higher threshold posed "no material loss risk to financial institutions.”
Although the threshold has changed, the regulators continue to expect that lenders will conduct collateral valuations according to quality standards that comply with the 2010 Interagency Appraisal and Evaluation Guidelines and consider the Uniform Standards of Professional Appraisal Practice (USPAP). Also, the regulators will still hold institutions to a high standard making it essential that institutions develop a comprehensive evaluation quality review program.
This webinar provides guidance on critical compliance issues to focus on when developing evaluation standards and a quality review program to minimize risk related to the revised threshold for commercial real estate transactions. Please join Gary Deutsch, CPA MBA, as he addresses how to use evaluations of commercial real estate to comply with regulatory guidance under this revised appraisal threshold.
WHAT YOU’LL LEARNDetermining when you can use evaluations under the revised threshold Selecting commercial real estate evaluation preparers Deciding on an evaluation report format Ensuring an evaluation meets regulatory quality standards Applying USPAP principles to evaluations Using alternative evaluation methods AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for "Conducting Evaluations of Commercial Real Estate Under Revised Appraisal Limits” is Gary Deutsch, president, BRT Publications LLC. Mr. Deutsch is a licensed CPA in Maryland and has a B.A. in accounting and an MBA in finance from Loyola University Maryland. He has also achieved the Certified Management Accountant, Certified Internal Auditor and Certified Bank Auditor designations. Mr. Deutsch is the founder and president of BRT Publications LLC. Mr. Deutsch has trained thousands of financial institution professionals in all aspects of risk management and has written numerous books in the U.S. and Europe on topics such as credit risk, internal audit and compliance with Generally Accepted Accounting Principles. Mr. Deutsch has extensive risk management and internal audit experience through his association with financial institutions of all sizes as well as through his role leading the KPMG financial institution consulting practice in the Mid-Atlantic region.
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