United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2015_register executive 2015-06-08 article Part II Rules and Regulations D09002ee1c7f7802b D09002ee1c7f78144 United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency United States Bureau of Consumer Financial Protection originator org United States Government Agency or Subagency United States Federal Housing Finance Agency originator org United States Government Agency or Subagency 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. 80 FR 32658 https://www.govinfo.gov/app/details/FR-2015-06-09/2015-12719 2015-12719 fr09jn15-27 RIN 1557-AD64 RIN 7100-AE15 RIN 3064-AE10 RIN 3170-AA44 RIN 2590-AA61 4810-33-P; 6210-01-P; 6714-01-P; 7535-01-P; 4810-AM-P; 8070-01-P Docket No. OCC-2014-0002 Docket No. R-1486 https://www.govinfo.gov/app/details/FR-2015-06-09/2015-12719 https://www.govinfo.gov/content/pkg/FR-2015-06-09/html/2015-12719.htm https://www.govinfo.gov/content/pkg/FR-2015-06-09/pdf/2015-12719.pdf Advertising Credit Unions Appraisals Government Sponsored Enterprises Accounting Agriculture Confidential Business Information Crime Currency Insurance Investments Securities Administrative Practice and Procedure Federal Reserve System Holding Companies Appraisal Appraiser Banks Banking Consumer Protection Credit Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Truth in Lending 32 p. 32658 32689 80 FR 32658 Title 12 Part 1026 12 CFR Part 1026 Title 12 Part 1222 12 CFR Part 1222 Title 12 Part 208 12 CFR Part 208 Title 12 Part 225 12 CFR Part 225 Title 12 Part 323 12 CFR Part 323 Title 12 Part 34 12 CFR Part 34 Title 12 Part 390 12 CFR Part 390 RIN 1557-AD64 RIN 7100-AE15 RIN 3064-AE10 RIN 3170-AA44 RIN 2590-AA61 Minimum Requirements for Appraisal Management Companies; Federal Register Vol. 80, Issue RULE 2015-12719 II DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION BUREAU OF CONSUMER FINANCIAL PROTECTION FEDERAL HOUSING FINANCE AGENCY 2015-08-10 Docket No. OCC-2014-0002 Docket No. R-1486 4810-33-P; 6210-01-P; 6714-01-P; 7535-01-P; 4810-AM-P; 8070-01-P 2015-12719 Final rule.

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.

Effective date. This final rule will become effective on August 10, 2015. OCC: Robert L. Parson, Appraisal Policy Specialist, (202) 649-6423, G. Kevin Lawton, Appraiser (Real Estate Specialist), (202) 649-7152, Mitchell E. Plave, Special Counsel, Legislative and Regulatory Activities Division, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, or Christopher Manthey, Special Counsel, Bank Activities and Structure Division, (202) 649-5500. Advertising Credit Unions Appraisals Government Sponsored Enterprises Accounting Agriculture Confidential Business Information Crime Currency Insurance Investments Securities Administrative Practice and Procedure Federal Reserve System Holding Companies Appraisal Appraiser Banks Banking Consumer Protection Credit Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Truth in Lending Minimum Requirements for Appraisal Management Companies , http://files.hawaii.gov/auditor/Reports/2010/10-07.pdf http://mn.gov/elicense/licenses/licensedetail.jsp?URI=tcm:29-9313&CT_URI=tcm:27-117-32 http://www.federalreserve.gov/newsevents/press/bcreg/20101202a.htm http://www.irs.gov/pub/irs-pdf/p15a.pdf http://www.irs.gov/pub/irs-pdf/p1779.pdf http://www.occ.gov/news-issuances/bulletins/2010/bulletin-2010-42.html https://netforum.avectra.com/eWeb/DynamicPage.aspx?Site=TAF&WebCode=USPAP https://www.fdic.gov/regulations/laws/rules/5000-4800.html https://www.sba.gov/sites/default/files/files/Size_Standards_Table.pdf https://www.sec.state.vt.us/media/188701/amc_application.pdf https://www.sec.state.vt.us/media/486847/Appraisal-Management-Company-Renewal-Form-077-2014.pdf Vol. 80, no. 110 Office of the Federal Register, National Archives and Records Administration 2015-06-09 continuing daily deposited born digital 422 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2015-06-09 P0b002ee18ca1b94f 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr09jn15 https://www.govinfo.gov/app/details/FR-2015-06-09 https://www.govinfo.gov/content/pkg/FR-2015-06-09/pdf/FR-2015-06-09.pdf https://www.govinfo.gov/content/pkg/FR-2015-06-09/xml/FR-2015-06-09.xml fdlp 32439 32853 DGPO 2015-06-08 2024-06-02 FR-2015-06-09 machine generated eng FR FR-2015-06-09 80 110