New Rockford Transcript - Official Newspaper of Eddy County since 1883

Federal waiver issued to address statewide delays in appraisal processing

 

September 2, 2019



North Dakota recently became the first state in the nation to receive a federal waiver designed to help consumers by reducing wait times for real estate appraisals.

The North Dakota Department of Financial Institutions (DFI), North Dakota Bankers Association and Gov. Doug Burgum requested the waiver, seeking temporary relief for consumers as the state experiences a shortage of credentialed appraisers.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) has temporarily waived the credentialing requirements for federally related transactions under $50...



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