What does it Mean to Protect the Public Trust

[Mejappz]

Depends upon the institution and its size. The smaller banks generally do not do evaluations for large properties regardless of the loan amount.

Each FDIC-supervised institution shall adopt and maintain written policies that establish appropriate limits and standards for extensions of credit that are secured by liens on or interests in real estate, or that are made for the purpose of financing permanent improvements to real estate.​

Even larger banks would be very hesitant to do an evaluation on a larger more complex property. The IAEG makes it clear that as the loan and/or property become more complex, banks need to move toward appraisals. I bet most Evaluations will be on properties valued around $1 Million or less. I'm sure there are some reckless banks that will go over that but that would be an exception rather than the rule.