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Final Rules for AMC Supervision Released by Regulators

Wednesday, May 6, 2015

Six federal regulators recently issued a final rule setting requirements for state registration and supervision of appraisal management companies (AMCs).  AMCs are entities that contract with and manage licensed and certified appraisers to provide appraisal services to lenders, underwriters, or other principals in the secondary mortgage markets. 

AMCs may be independent entities or subsidiaries of federal financial institutions.  If the latter, the AMC must meet the same minimum requirements as state-regulated AMCs but are not required to register with a state.

 

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