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FDIC | RIN: 3064-AE10 | Publication ID: Spring 2015 |
Title: Minimum Requirements for Appraisal Management Companies | |
Abstract:
The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Association, and the Federal Housing Finance Agency (collectively the Agencies) will be adopting a rule to implement the minimum requirements in section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to be applied by States in the registration and supervision of appraisal management companies (AMCs). The rule also implements the requirement in section 1473 of the Dodd-Frank Act for states to report to the Appraisal Subcommittee of the Federal Financial Institutions Examination Council the information required by the Appraisal Subcommittee to administer the new national registry of appraisal management companies. In conjunction with this implementation of section 1473, the FDIC is proposing to integrate its appraisal regulations for state nonmember banks and state savings associations. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 323 12 CFR 390 | |
Legal Authority: 12 U.S.C. 1818 12 U.S.C. 1819 12 U.S.C. 3331 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email Comments to: Comments@fdic.gov. Include RIN 3064-AE10 in the subject line of the email. | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/federal/laws/propose.html | |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: FHFA, FRS, TREAS/OCC, NCUA; | |
Agency Contact: Mark A. Mellon Counsel, Legal Division Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3884 Email: mmellon@fdic.gov |