Six housing agencies issue final rule for AMCs

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The AMC minimum requirements in the final rule apply to states that elect to register and supervise AMCs, as AMCs are defined in the rule. The final rule does not compel a state to establish an AMC registration and supervision program, and no penalty is imposed on a state that does not establish a regulatory structure for AMCs.

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WASHINGTON, D.C. – Six federal financial regulatory agencies today issued a final rule that implements minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that provides appraisal management services to lenders or underwriters or other principals in the secondary mortgage.

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Points to consider while investing in AMCs Six federal agencies have adopted a final rule to implement minimum requirements for state registration and supervision of appraisal management companies (AMCs), which provide services to lenders, underwriters or other principals in the secondary mortgage markets. The Office of the Comptroller of.

State does not enact AM C registration and supervisio within n 36 months from the time the Agencies issu e the final AM C rule, or if any State repeals an existin registratiog n Act after the issuanc oe f the fina AMl C rule, AMC’s should not be prohibited from providing appraisal managemen servicet isn connection with