Written by Please fill out the form on the right side of this page to report any appraisal management company that you believe violates the recent implementation of Dodd-Frank provision requiring Customary and Reasonable fees to be paid by Appraisal Management Companies.
We will be contacting the Office of the Comptroller of the Currency , Federal Trade Commission as well as the Attorney General of each individual state.
You do not need to worry about your information being released to the appraisal management companies.
Please get involved! Only you as a real estate appraiser can help fix our industry.
Please Report Low Paying Appraisal Management Companies
List of Current Attorney Generals for each state
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Luther Strange (R)Alabama Attorney General
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John BurnsAlaska Attorney General
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Join the national fight against low paying appraisal management companies!
The American Guild of Appraiser (AGA) /Guild 44 of the Office and Professional Employees International Union (OPEIU)/AFL-CIO is based in Maryland, a short distance from Washington, DC.
The AGA is a non-traditional union that represents independent professionals. The AGA does not engage in collective bargaining, strikes, and does not enforce closed shops. The AGA does not negotiate contracts, does not have shop stewards, and does not have any oversight regarding its member’s work products. What we have is the backing of over 10 million members within the AFL-CIO and 110,000 within the OPEIU. With these numbers, we have a collective voice.
Handoff from the Federal Reserve Consumer Help Center
| Well, I got another handoff in terms of who I need to report all these Customary and Reasonable fee violations. But I will get to the bottom of it. I know I already need to contact both state and federal government agencies and have the information for that. |
Customary and Reasonable Enforcement: 3 years away?
It sounds like we are in another waiting game regarding customary & reasonable fees as noted in Dodd-Frank.
Key Notes:
* The minimal timeline set forth in the Dodd-Frank Act indicates that those rules may be promulgated within 18 months of July 21, 2011.
* After the rules are in final form, States have 36 months to implement the minimum requirements established by the rules for registration and supervision of AMCs. (The ASC may grant States up to a 12-month extension, subject to specific limited conditions set forth in the Dodd-Frank Act.)
Please read the entire article below: