Minimum Requirements for Appraisal Management Companies (Us Comptroller of the Currency Regulation) (Occ) (2018 Edition)

Download or read book Minimum Requirements for Appraisal Management Companies (Us Comptroller of the Currency Regulation) (Occ) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-26 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Minimum Requirements for Appraisal Management Companies (US Comptroller of the Currency Regulation) (OCC) (2018 Edition) The Law Library presents the complete text of the Minimum Requirements for Appraisal Management Companies (US Comptroller of the Currency Regulation) (OCC) (2018 Edition). Updated as of May 29, 2018 The OCC, Board, FDIC, NCUA, Bureau, and FHFA (collectively, the Agencies) are adopting a final rule to implement the minimum requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) to be applied by participating States in the registration and supervision of appraisal management companies (AMCs). The final rule also implements the minimum requirements in the Dodd-Frank Act for AMCs that are subsidiaries owned and controlled by an insured depository institution and regulated by a Federal financial institutions regulatory agency (Federally regulated AMCs). Under the final rule, these Federally regulated AMCs do not need to register with a State, but are subject to the same minimum requirements as State-regulated AMCs. The final rule also implements the requirement for States to report to the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) the information required by the ASC to administer the new national registry of AMCs (AMC National Registry). In conjunction with this implementation, the FDIC is integrating its appraisal regulations for State nonmember banks and State savings associations. This book contains: - The complete text of the Minimum Requirements for Appraisal Management Companies (US Comptroller of the Currency Regulation) (OCC) (2018 Edition) - A table of contents with the page number of each section