I just got a call from one of the loan guys at a local bank. He told me we have to get E & O because the OCC has told the bank that all appraisers have to have E&O. Historically here, the appraisal community has eschewed E&O insurance; the problems it can create for good appraisers is greater than the potential benefit..........and you know what I am talkin about. The only appraisers here, and they are few, that have E&O are those that have been hammered by the state on poor work, and those that have been doing substandard work and have been sued more that a couple of times. I believe the OCC has dictated this. I am shocked the government regulatory agency dictates this. Any thoughts on this one.