DPOR AMC Public Hearing CALL to ACTION

by VaCAP Board · Published February 25, 2014 · Updated March 6, 2017

Call to action DPOR AMC regs hearing

CALL to ACTION: DPOR Public Hearing for Initial Appraisal Management Company Regulations

Thursday, February 27, 2014, DPOR is holding a public hearing on the proposed Initial Appraisal Management Company Regulations. The hearing will begin at 9:00AM in the DPOR meeting room at 9960 Maryland Dr, Richmond.

The new regulation establishes definitions, qualifications, fees, and standards of practice and conduct for appraisal management companies. The new regulation is required to implement Chapter 405 of the Acts of the 2012 General Assembly, which resulted from HB 210. The goal of the regulation is to establish qualifications, fees, and standards of practice and conduct for the licensure and regulation of appraisal management companies in Virginia pursuant to HB 210.

This is the only public hearing scheduled for this issue. NOW is the time to attend and voice your constructive comments on this very important issue. The comment period will end on 03/28/2014.

The VREAB needs our presence and support on this issue. I do not know this for a fact, but I anticipate AMC reps to be present and push back hard against these proposed regulations that many have worked so hard to develop.

Please plan to attend. Don’t expect someone else to do it for you!!!

Below is a PDF copy of the proposed regulations for you review.

Thanks,

Mark White
President VaCAP

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Coalition of Appraisers in Virginia at Virginia Coalition of Appraiser Professionals

Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.

Baggins says:
March 4, 2014 at 12:36 pm
Colorado put forth licensing for these amc companies. I have not noticed any changes in their sleezy approaches. Licensing them only added to their illusionary legitimacy.

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