S.D. Admin. R. 20:14:04:05

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:14:04:05 - Threshold levels

Each federal financial institution's regulatory agency may establish a threshold level at or below which a certified or licensed appraiser is not required to perform appraisals in connection with federally related transactions. The threshold level established by each federal financial institutions regulatory agency is available in the applicable below referenced Federal Register:

(1) National Credit Union Administration, 12 C.F.R. § 722, 85 Fed. Reg. 23909 (April 30, 2020);

(2) OCC, 12 C.F.R. § 34, 84 Fed. Reg. 53579 (October 8, 2019);

(3) FDIC, 12 C.F.R. § 323, 84 Fed. Reg. 53579 (October 8, 2019);

(4) Fed, 12 C.F.R. § 225, 84 Fed Reg. 53579 (October 8, 2019).

S.D. Admin. R. 20:14:04:05

18 SDR 36, effective 8/25/1991; 21 SDR 49, effective 9/18/1994; 23 SDR 113, effective 1/12/1997; 26 SDR 120, effective 3/27/2000; 29 SDR 99, effective 1/15/2003; 36 SDR 112, effective 1/11/2010; 38 SDR 116, effective 1/10/2012; 41 SDR217, effective 6/29/2015; 47 SDR 071, effective 12/14/2020

General Authority: SDCL 36-21B-3(8).

Law Implemented: SDCL 36-21B-1, 36-21B-3(8).