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ASA and Other Leading VPOs Voice Concerns on AMC Minimum Requirements

Aug 24, 2018
 
ASA, along with 19 other professional appraisal organizations, filed comments with the Office of the Comptroller of the Currency (OCC) and the Federal Housing Finance Agency (FHFA) regarding their ongoing collection of information in connection with appraisal management company (AMC) minimum requirements.

In the letters, the groups encourage the agencies to continue with their information collection, noting that the actual regulatory burden to AMCs will not be known until at least 2020, and that some of the financial costs that AMCs refer to in their comments are likely to be passed through to appraisers.

To read the full text of the letter click here.

ASA wishes to express its appreciation to those organizations who signed onto this comment.