AMC Registration Question

[Bob Ipock]

Under section 1473 of Dodd–Frank, states are not required to establish an AMC registration and supervision program. In a state that does not have an AMC registration and supervision program, AMCs are barred from providing appraisal management services for covered FRTs.

Appraisals: Appraisal Management Company Registration Requirements | OCC

The OCC reminds banks of the new registration requirement for appraisal management companies (AMC) that became effective on August 10, 2019. Under this requirement, AMCs must register with the state or states in which they do business and must be subject to state supervision.

www.occ.gov

Appraisals: Appraisal Management Company Registration Requirements | OCC

The OCC reminds banks of the new registration requirement for appraisal management companies (AMC) that became effective on August 10, 2019. Under this requirement, AMCs must register with the state or states in which they do business and must be subject to state supervision.

www.occ.gov

 

[sputnam]

Are AMCs required to be licensed/registered in every state they are handling appraisals in?

It's up to the state.