Original Content
This final rule increases the dollar threshold exempting certain credit extensions from the special appraisal requirements for higher-priced mortgage loans from $28,500 to $31,000, effective January 1, 2023.
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustments
AI Summary
- The dollar threshold for exemptions from special appraisal requirements for higher-priced mortgage loans has increased from $28,500 to $31,000.
- This change becomes effective January 1, 2023.
Texas Relevance
The article does not explicitly mention Texas or any Texas-specific entities. It is a general federal regulation applicable to all credit unions.