May 1

NYS AMC Law Guidance


New York State legislation regulating Appraisal Management Companies (AMC’s) went into effect on Saturday, April 27.  The New York Department of State has issued a guidance document that provides clarification on implementation of new law including: What are AMC’s? What services do they provide? How AMC’s work and who they can hire?   The new law contains language that was being interpreted by lending institutions and AMC’s to restrict their ability to [...]