Saturday, October 2, 2010

Appraisal Associations Comment on Dodd-Frank Rulemaking

Back in August, shortly after the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, Appraiser Active commented on the rule making. Quite a few individuals have commented, along with some associations, like TAVMA.

Here is a copy of the comment letter submitted by the appraiser professional associations. It's certainly comprehensive, and provides some ideas for your comments.

Joint Letter to Federal Reserve TILA Appraisal Provisions


Anonymous said...

The fact that the "powers that be" have yet to acknowledge that they gutted the appraisal profession with HVCC tells me one thing.

They could care less. The only thing that matters to these chumps is that banks MUST preserve their right to claim at least 50% of the appraisal fee.

End of story.