Agencies | Governor
Virginia Regulatory Town Hall
secretary
Commerce and Trade
Agency
Department of Professional and Occupational Regulation
Board
Real Estate Appraiser Board
Mandate 902

Mandate Information
Mandate Title:
Updates to conform to AMC Final Rule
Purpose of legislation
Amends/adds definitions of Appraisal Management Company (AMC), Appraisal Management Services, and Appraiser Panel to conform Virginia’s statutes to the federal regulations, and aligns AMC ownership provisions with the federal Final Rule.
Legislation mandating a change Chap 229 (2018)
Chap 230 (2018)
VAC chapters to be amended
18 vac 130 - 30 : Appraisal Management Company Regulations
Associated Regulatory Actions No regulatory action has been filed.
Closing Explanation
In order to comply with the federal Final Rule, the Board has since learned it will also need to amend its regulations to collect a mandatory AMC National Registry fee. As a result, the Board has opted to pend the necessary regulatory changes in order to consult further with federal regulators regarding comprehensive implementation.
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