Such as section step three(b), the brand new making clear paragraph saying that a card union isn’t needed to track down an appraisal when your All of us bodies department otherwise Us bodies-sponsored department receives an assessment might have been removed.
§ 722.3(d) A home-Associated Economic Deals Requiring a written Estimate out-of Market price
The very last signal need a written estimate of market value having one a property-related financial deal unless: (1) An assessment performed from the your state-certified otherwise state-authorized appraiser was received; (2) the order try excused out-of appraisal conditions not as much as paragraphs (a)(2) due to (6) with the point; otherwise (3) your order are completely insured otherwise protected by the a Us bodies agencies or You authorities-sponsored agencies. Devam