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 September, 2016 fourty 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
Federal Minimum Requirements for AMCs
AI-ASFMRA Comments on Proposed Minimum Requirements for AMCs
ASC Proposal on "Collection and Transmission of AMC Registry Fees"
AI Comments on "Collection and Transmission of AMC Registry Fees"
AI Letter to Louisiana Real Estate Commission Re: Proposed Rule 31101 (Customary and Reasonable Fees) September 8, 2017