[DOWNLOAD] "Minimum Requirements for Appraisal Management Companies (US Federal Reserve System Regulation) (FRS) (2018 Edition)" by The Law Library " Book PDF Kindle ePub Free
eBook details
- Title: Minimum Requirements for Appraisal Management Companies (US Federal Reserve System Regulation) (FRS) (2018 Edition)
- Author : The Law Library
- Release Date : January 08, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 422 KB
Description
The Law Library presents the complete text of the Minimum Requirements for Appraisal Management Companies (US Federal Reserve System Regulation) (FRS) (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 ebook contains:
- The complete text of the Minimum Requirements for Appraisal Management Companies (US Federal Reserve System Regulation) (FRS) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure