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Here’s Why AMCs Need to Pay Close Attention to Looming Regulatory Changes

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Here’s Why AMCs Need to Pay Close Attention to Looming Regulatory Changes

Source: HousingWire

Author: Director of compliance at LRES Corporation

Abstract: Attention, all states and territories. Six housing authorities are now collectively demanding standardization across state lines by recently announcing new minimum state requirements outlining the supervision and state registration of appraisal management companies.

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency and the National Credit Union Administration have come together on this joint decision to bring about more consistency among AMCs throughout the nation.

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