TITLE

New State Regulation of AMCs Unneeded Burden

AUTHOR(S)
Demopulos, George
PUB. DATE
May 2011
SOURCE
Mortgage Servicing News;May2011, Vol. 15 Issue 5, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
In this article the author discusses the impact of the appraiser independence policy of the Dodge-Frank Act to the appraisals management companies (AMCs) in the U.S. The author is critical on the provision of the law which requires AMCs to pay to register in any state they are operating in. He comments that the fees made by AMCs are charged to consumers which violates the true definition of the law which is to protect the best interest of consumers.
ACCESSION #
63191758

 

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