WASHINGTON -- A group of influential House Banking Committee members plans to offer legislation that would require appraisals for mortgage loans of less than $250,000 - the cutoff proposed by the bank regulators.

An aide to Rep. Charles E. Schumer, D-N.Y., one of the group, said the measure would require insured institutions to use a state-certified or licensed appraiser whenever an "estimate of value" for a property is made.

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