In the August 25, 2026, issue of the Federal Register (91 FR 54875 click here) the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Department...
Client & Friends Memo
Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Proposed Rule on Minimum Requirements for Appraisal Management Companies
In the April 9, 2014 issue of the Federal Register (79 FR 19521) six federal regulatory agencies, CFPB, FDIC, FHFA, FRB, NCUA and OCC, published a proposed rule (click here) to implement minimum requirements to be applied by States in the registration and supervision...
Federal Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
Today six federal regulatory agencies, CFPB, FDIC, FHFA, FRB, NCUA and OCC, issued a proposed rule (click here) to implement minimum requirements to be applied by States in the registration and supervision of appraisal management companies (AMCs). Publication of the...
CFPB Proposed Amendments to the 2013 Mortgage Rules Under Regulation B, Regulation X, and Regulation Z
In the July 2, 2013 issue of the Federal Register (78 FR 39902) the Consumer Financial Protection Bureau (CFPB) published a proposed rule, click here, to clarify or revise regulatory provisions and official interpretations primarily relating to the 2013 Mortgage...
CFPB Amends Regulation B to Require Providing Copies of Appraisals to Loan Applicants
In the January 31, 2013 Federal Register (78 FR 7248), the Bureau of Consumer Financial Protection (CFPB) issued a final rule (the Appraisal Rule) that amends §1002.14 of Regulation B, the Form C-9 Notice, and the Official Interpretations to §1002.14 to require...
Proposed Rule on Property Appraisals for Higher-Risk Mortgage Loans
In today's Federal Register (77 FR 54722), the six federal financial regulatory agencies - Board of Governors of the Federal Reserve System (FRB), Bureau of Consumer Financial Protection (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance...
CFPB Issues Proposed Rule in Federal Register to Amend Regulation B Rules on Providing Appraisals to Loan Applicants
In the August 21, 2012 Federal Register (77 FR 50390), the Bureau of Consumer Financial Protection (CFPB) issued a proposed rule that would amend §1002.14 of Regulation B, the Form C-9 Notice, and the Official Interpretations to §1002.14 to require creditors to...
Proposed Rule on Property Appraisals for Higher-Risk Mortgage Loans
In an August 15, 2012 press release, the six federal financial regulatory agencies - Board of Governors of the Federal Reserve System (FRB), Bureau of Consumer Financial Protection (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency...
Bureau of Consumer Financial Protection Issues New Regulations
In our December 16, 2011, memorandum we advised you that the Bureau of Consumer Financial Protection (CFPB) had begun the process of republishing the regulations implementing the consumer financial protection laws for which Title X of the Dodd-Frank Wall Street Reform...
Department of Veterans Affairs Uniform Appraisal Dataset Appraisal Reports
For clients who originate or purchase VA loans, below is the text of the October 21, 2011, VA memorandum by Gloria H. Pointer, Valuation Officer in the Houston Regional Loan Center, announcing the adoption of Uniform Appraisal Dataset (UAD) compliant appraisal reports...