An American Bankers Association survey that showed a need for a substantially higher loan amount threshold for commercial property before state-licensed or certified appraisers must be used was described as an "overreaction" by Donald E. Kelly, vice president in charge of the Washington office of the Appraisal Institute.

"As of today, we have 60,000 licensed or certified appraisers and we'll have 100,000 by the end of the year," Kelly said. "Bankers have been afraid that there won't be enough appraisers available when the requirement goes into effect at the end of this year and that will raise the cost of appraisals. It won't happen."

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