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The following Bulletins were issued on November 21, 2017 by the Appraisal Subcommittee of the FFIEC:
1. Bulletin 2017-01, National Registry of Appraisal Management Companies (AMCs); and
2. Bulletin 2017-02, Extension of Implementation Period for State Registration and Supervision of AMCs.
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.
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 Final Order Granting in Part Temporary Waiver Relief
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.
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:
