Data / Federal rules / 2024-27698
Appraisal Subcommittee Enforcement Authority Regarding the Effectiveness of State Appraiser and Appraisal Management Company Regulatory Programs
The Federal Financial Institutions Examination Council published this proposed rule in the Federal Register on December 6, 2024. Comments closed on February 4, 2025.
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What the agency says
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council invites comment on a proposed rule to implement a framework to govern the ASC's enforcement authority regarding the effectiveness of Appraiser and Appraisal Management Company (AMC) Programs overseen by State Appraiser Regulatory Agencies. The proposed rule would codify the existing compliance review process with modifications. The proposed rule would require an analysis to assess program effectiveness, outline requirements for maintaining effective programs, and authorize the ASC to bring enforcement actions against such agencies that fail to maintain effective programs.
Key facts
- Document number
- 2024-27698
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking
- Agency
- Federal Financial Institutions Examination Council
- Published
- December 6, 2024
- Comments due
- February 4, 2025
- Dates
- Send comments on or before February 4, 2025.
- Docket
- Docket No. AS24-22
- Regulation ID (RIN)
- 3139-AA01
- Code of Federal Regulations
- 12 CFR 1102
- Topics
- Administrative practice and procedure; Banks, banking; Freedom of information; Investigations; Licensing and registration; Mortgages; Organization and functions (Government agencies); Privacy; Reporting and recordkeeping requirements; State and local governments
- Pages
- 24
Rules on administrative practice and procedure · Rules on banks, banking · Rules on freedom of information · Published in December 2024
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