In the December 30, 2014, issue of the Federal Register (79 FR 78296), the CFPB, FRB and OCC adjusted the loan threshold exemption from the higher-priced mortgage loan appraisal rules. This adjusted loan threshold amount for exemption from the appraisal requirements for higher-priced mortgage loans is raised to $25,500 effective January 1, 2015, and is found in the official staff interpretations for the above Federal agencies respective regulations, as follows: 1. CFPB: Comment 35(c)(2)(ii)-1.ii in Supplement I to 12 CFR part 1026; 2. FRB: Comment 43(b)(2)-1.ii in Supplement I to 12 CFR part 226; and 3. OCC: Comment 34.203(b)(2)-1.ii in Appendix C to Subpart G of 12 CFR part 34. Effective January 1, 2015, these new comments state that, from January 1, 2015 through December 31, 2015, the threshold amount is $25,500.

Complete Memorandum