🏛️Proposed Collection on Appraisal Management Companies Regulations
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 called the "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 approval of a three-year extension of the control number, which is due to expire on March 31, 2025.
Agencies
- Federal Housing Finance Agency
Business Impact
$$ - Med
The text concerns proposed regulations impacting appraisal management companies (AMCs), including compliance requirements for registration and disclosure, which directly affect business operations in related industries. Business owners must ensure adherence to these regulatory changes or face potential penalties.