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A trial separation: ASA, NAIFA follow up on called out AMC fees
Tuesday, April 10, 2012
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In February, the American Society of Appraisers and the National Association of Independent Fee Appraisers (NAIFA) sent a letter to the Consumer Financial Protection Bureau to explain the importance of calling out the separate fees in the prototype Good Faith Estimate (GFE) and settlement forms. As the CFPB continues to test different variations of the forms, the two associations sent another letter to reiterate the importance of their stance on separating AMC fees from the fee paid to the appraiser.

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