Category AMCs

Federal Financial Agencies Finalize Dodd-Frank Standards for Appraisal Management Companies

As required by the Dodd-Frank Act, the federal financial agencies (OCC, Federal Reserve System, FDIC, CFPB, FHFA) recently adopted a final rule regarding minimum requirements for state supervision of appraisal management companies (“AMCs”). An AMC is an entity that serves as an intermediary for, and provides certain services to, creditors. In some instances, creditors and […]