Currently over twenty states require that appraisal management companies procure and file an appraisal management company bond with the various state boards of real estate appraisal and consumer affairs agencies. Following the banking sector melt-down and subsequent crippling of financial… Continue Reading →
By November, 2017 all AMCs must post a New Jersey appraisal management company bond in order to conduct operations within the state. Assembly Bill 1756, originally introduced in 2013 will be implemented by the State Real Estate Appraiser’s Board and new… Continue Reading →
Effective January 1st, 2017 the State of Iowa has begun the regulation of appraisal management companies. Among other licensing qualifications and requirements, an AMC must also post an Iowa appraisal management company surety bond. The Iowa Division of Banking is… Continue Reading →
Effective March 22nd, 2016 an Idaho Appraisal Management Company surety bond is one of the statutory requirements for operating and AMC in the state. The state legislature’s purpose was to create an oversightsystem for appraisal managers. The house committee’s stated, “In most… Continue Reading →
In 2013, the North Carolina General Assembly amended N.C.G.S. 93E-2-4 to require that appraisal management companies post a North Carolina appraisal management company surety bond in the amount of $25,000 bond. The law went in to effect on January 1, 2014,… Continue Reading →
The State of South Dakota’s Appraisal Management Company Registration Program has been recently amended to require a South Dakota appraisal management company surety bond from EVERY registrant operating within the state. The new surety bond requirement is effective as of… Continue Reading →
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