Volume 2014 - Number 23
June 12, 2014
Minimum Requirements for Appraisal Management Companies Prompt Debate on State Regulation
Industry participants have raised a number of concerns about a proposed rule issued in April that would implement minimum requirements for appraisal management companies, which are intermediaries between appraisers and lenders. Federal regulators in April issued a proposed rule that would implement AMC provisions mandated by the Dodd-Frank Act, including a ban on AMCs providing appraisal management services for federally related transactions in states that havenít established regulations for AMCs. The Consumer Mortgage Coalition said...
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