Tag Archives: Dodd–Frank Wall Street Reform and Consumer Protection Act

Appraisal Management Company Oversight – State Issues | Appraisal Institute

Appraisal Management Company Oversight Appraisal management companies (AMC) are business entities that administer networks of independent appraisers to fulfill real estate appraisal assignments on behalf of lenders.   The Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 requires that states enact comprehensive AMC oversight and registration programs.   As of December, 2013, thirty-eight states have enacted comprehensive state AMC laws.  State AMC legislation promotes public trust and consumer protection, and establishes oversight and enforcement where there is none today.   Section 1473(f) of the Dodd Frank Wall Street Reform and Consumer Protection Act (AMC registration and oversight requirements) Model State Legislation for the Oversight and Regulation of AMCs Enacted State AMC Laws & Regulations AMC Legislation Talking Points

Source: Appraisal Management Company Oversight – State Issues | Appraisal Institute