🏠Proposed Regulatory Collection for Appraisal Management Companies
Proposed Collection; Comment Request
Summary
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the Agency) is seeking public comments concerning an information collection known as "Minimum Requirements for Appraisal Management Companies," which has been assigned control number 2590-0013 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and re-instatement of the control number, which expired on March 31, 2025.
Agencies
- Federal Housing Finance Agency
Business Impact
$$ - Med
The notice pertains to the regulatory requirements for Appraisal Management Companies (AMCs) under the oversight of the Federal Housing Finance Agency (FHFA). Business owners in real estate and finance need to comply with these regulations to avoid penalties. The information collection is critical for maintaining licensing and operational standards of AMCs, impacting their ability to operate legally.