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Agencies propose rule on supervision of AMCs
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Wednesday, March 26, 2014
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Six federal agencies have issued a proposed rule that would mandate minimum requirements for the state registration and supervision of appraisal management companies (AMCs).
The proposed rule, authorized under section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would grant those state agencies that certify and license individual appraisers the same authority to oversee appraisal management companies.
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