Action | Initial Appraisal Management Company Regulations |
Stage | Proposed |
Comment Period | Ended on 3/28/2014 |
AMC's are destroying the appraisal profession. They do not pay reasonable fees and often assign the work to appraisers who are located outside the subject's property area. They can be slow in paying invoices and demand short turn times that reduce the accuracy of the appraisal. Please adopt regulations similar to what Louisiana is planning to adopt.