View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

CFPB RIN: 3170-AA44 Publication ID: Fall 2015 
Title: Amendments to FIRREA Concerning Appraisals (Minimum Requirements for Appraisal Management Companies) 
Abstract:

The CFPB is participating in interagency rulemaking processes with the Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration Board (NCUA), and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) to develop regulations to implement the amendments made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) concerning appraisals.  The amendments made by the Dodd-Frank Act to FIRREA require the Agencies to establish certain minimum requirements to be applied by states in the registration, reporting, and supervision of appraisal management companies (AMCs).  The Agencies issued a final rule to implement these Dodd-Frank Act's AMC amendments to FIRREA on April 30, 2015, which was published in the Federal Register on June 9, 2015.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1026.42   
Legal Authority: 12 U.S.C. 3353   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/09/2014  79 FR 19521   
NPRM Comment Period End  06/09/2014 
Final Rule  06/09/2015  80 FR 32657   
Final Rule Effective  08/10/2015  80 FR 32657   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: State 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 3170-AA52, Related to 3170-AA57 
Agency Contact:
Owen Bonheimer
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700