Federal Reserve rules regulating Real Estate Appraisers and Appraisal Management Companies have caused at least 15 states to amend or add Surety Bond requirements. We’ve added online application types for these bonds in Alabama, Arkansas, Arizona, Colorado, Georgia, Illinois, Kentucky, Louisiana, Nebraska, New Mexico, Oregon, Tennessee, Utah, Washington, and Wyoming.
The guarantees vary by state, but in general, the bond guarantees that Appraisers and Management Companies abide by State Statutes and Regulations, and that Appraisal Management Companies pay “reasonable” fees to the Appraisers.
Appraiser / Appraisal Management Company Surety Bonds – 15 new states added!
Feb 20, 2014