### Question
How does SMALL BUSINESS INVESTMENT PROGRAM define Federal banking regulator appraisal threshold?


### Answer
Under *15 U.S.C. § 696*, **Federal banking regulator appraisal threshold** is defined as:

> the lesser of the threshold amounts set by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation for when a federally related transaction that is a commercial real estate transaction requires an appraisal prepared by a State licensed or certified appraiser

#### Citation:
  - *15 U.S.C. § 696*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER V-LOANS TO STATE AND LOCAL DEVELOPMENT COMPANIES**

