News and updates from ASC related to real estate appraiser and appraisal management company (AMC) regulation.

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Federal Register Updates

  • FFIEC approval of the North Dakota temporary waiver extension approved by the ASC on July 29, 2020

    The Federal Financial Institutions Examination Council met on August 7, 2020, via WebEx, and a quorum of the Council being present, took the following action: pursuant to § 1119(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, the Council approved the temporary waiver extension approved by the Appraisal Subcommittee (ASC) on July 29, 2020, as follows:

  • Notice of Termination of Residential Temporary Waiver Relief in North Dakota

    The Notice of Termination of Residential Temporary Waiver Relief in North Dakota was posted in today's issue of the Federal Register. The termination date is effective on December 8, 2019. The Notice can be viewed here.

  • ASC Final Order Granting in Part Temporary Waiver Relief

    ASC Final Order Granting in Part Temporary Waiver Relief

  • ASC Change of Address - Effective October 1, 2018

    On October 1, 2018, the ASC is moving its offices to 1325 G Street NW, Suite 500, Washington, DC 20005. The phone and fax numbers will remain the same. Please see the Federal Register Notice and Media Release.

  • ASC Revised Bulletin No. 2017-01

    The ASC has revised the opening date for opening the National Registry of AMCs (AMC Registry). The ASC now plans to open the AMC Registry to States on July 16, 2018.

    The previous target date was June 4, 2018. The ASC is issuing revised Bulletin 2017-01. The only change to the Bulletin is the open date for the AMC Registry. The Bulletin can be viewed here.

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Grants Updates

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Guidance and Memoranda

  • ASC Guidance to States - Additional Guidance for Education Delivery

    Please see the memorandum from the ASC to States regarding additional guidance for education delivery.

  • Memorandum to States - COVID-19 Outbreak - State Appraisal-AMC Program Guidance

    Please see the memorandum to States regarding State Appraisal and AMC Program Guidance.

  • TAF/AARO/ASC Offer COVID-19 Guidance

    Please see the joint guidance from TAF/AARO/ASC.

  • COVID-19 ASC Relief to State Programs

    Please see the memorandum from the ASC Executive Director to States regarding COVID-19 Relief to State Appraiser and AMC Programs.

  • AMC Registry Data and Fee Collection Examples

    The ASC guidance for States to collect the necessary data and registry fees to place AMCs on the AMC Registry may be viewed here.

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Press Releases

  • ASC Press Release - FY21 Approved Budget

    Please see the ASC Press Release regarding the approved FY21 Budget.

  • ASC Press Release - State Grants

    Please see the ASC Press Release announcing $10 Million in new grant funds for State appraiser certifying and licensing agencies.

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Other Updates

  • ASC Chair Martinez Outlines Progress at the Subcommittee

    In the following CFPB blogpost: Strengthening Appraisal Oversight: Progress at the Appraisal Subcommittee, ASC Chair Martinez outlines the advances made at the Subcommittee since her tenure began in April of 2022.

     

  • ASC Proposed Rule - Comment period closes February 4, 2025

    On December 6, 2024, the ASC posted a Proposed Rule entitled Appraisal Subcommittee Enforcement Authority Regarding the Effectiveness of State Appraiser and Appraisal Management Company Regulatory Programs in the Federal Register.  Please see the link below to read the Proposed Rule.  The comment period closes on February 4, 2025. 

  • ASC Special Meeting held July 29, 2020

    The ASC met in a Special Meeting on July 29, 2020, and voted to approve, subject to approval by the Federal Financial Institutions Examination Council (FFIEC), an Order extending temporary waiver relief of appraiser credentialing requirements for appraisals of federally related transactions (FRTs) under $1,000,000 for commercial real estate transactions throughout the State of North Dakota for an additional one-year period and subject to specified terms and conditions.

  • ASC COVID-19 Frequently Asked Questions

    ASC COVID-19 Frequently Asked Questions document

  • Correspondence from the AQB to the ASC regarding exam approvals during COVID-19 pandemic

    Please see the May 15, 2020, correspondence from the Appraiser Qualifications Board to the ASC regarding 24 month exam validity timeframes in response to COVID-19.