Appraisals are increasing costs and causing delays for farmers, small businesses, and others who secure small loans with commercial real estate, according to a survey by the American Bankers Association.

The trade group last week submitted the results of the survey of 437 bankers to the Office of Management and Budget. The office is considering a proposal to remove appraiser certification requirements for commercial real estate loans smaller than $500,000.

At issue are provisions of the 1989 financial institutions reform act that required appraisers who evaluate collateral for loans by federally insured institutions to be certified by states.

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