Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
 
Board
Real Estate Appraiser Board
 
chapter
Appraisal Management Company Regulations [18 VAC 130 ‑ 30]
Action Initial Appraisal Management Company Regulations
Stage Proposed
Comment Period Ended on 3/28/2014
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2/27/14  5:19 pm
Commenter: Lore DeAstra, Continental Appraisal

AMC Regulation
 
I SUPPORT the AMC regulation. Please make lenders responsible for delinquent appraisal fees until paid. Sometimes, it has taken us 6+ months to collect. This decreases our hourly rate substantially. Only licensed real estate appraisers should review appraisal reports. If AMCs give the $50 fee to appraisers, the customary and reasonable fee should be increased $50 per report.  
*AMCs are not portals and should be held accountable under VA Regulation as an AMC.*
 
Thank you for considering ALL these suggestions. Appraisers are here to protect the public. 
CommentID: 31109