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Who dictates the guidelines of an appraisal management company or AMC and what are these guidelines?
Gamacheon
Appraisal Management Companies are subject to standards, guidelines, and law at the state and federal level. They are ever changing and too many to list. For guidance, you may look to the following agencies regulating the lending and appraisal industries;
The Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
Federal Reserve Board of Governors
The Appraisal Subcommittee
Office of Thrift Supervision
The Appraisal Foundation
Freddie Mac
Fannie Mae
HUD
The following are some of the standards and bills currently in place:
Dodd-Frank Wall Street Reform and Consumer Protection Act
Inter-agency Appraisal and Evaluation Guidelines
Uniform Standards of Professional Appraisal Practice
Uniform Appraisal Data-set
The following is a list of states requiring AMC's to register. (May not be current, check your state laws for current standings!)
Arizona
Arkansas
Florida
Georgia
Indiana
Louisiana
Minnesota
Missouri
Nevada
Oklahoma
Oregon
Tennessee
Utah
Vermont
Virginia
Washington
You can find the links to all of the above information on our site. Just go to my profile page User:AppraisalDepot, click our site and go to "Compliance and Resources".
Wiki User
∙ 13y ago
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What performance management phases focuses on completing and discussing an appraisal?
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WikiAnswers does not provide such services. Try the Yellow Pages
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