Regulatory Alerts2015-02-26
Regulation on Appraisal of Immovable Properties
The Central Bank of the Republic of Kosovo issued this regulation to establish minimum appraisal standards and requirements for financial institutions evaluating immovable property used as loan collateral. Financial institutions must implement robust appraisal policies, engage licensed appraisers for transactions exceeding €30,000 for residential properties or €50,000 for business loans, and ensure strict appraiser independence. The regulation mandates the maintenance of approved appraiser lists, periodic re-evaluation of foreclosed real estate, and imposes remedial measures and civil penalties for non-compliance.
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