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National Registry of AMCs (AMC Registry) 

 

Title XI requires the ASC to maintain the AMC Registry of those AMCs that are either:

   

     (1) registered with and subject to supervision by a State that has elected to register and supervise AMCs; or 

 

     (2) are operating subsidiaries of a Federally regulated financial institution (Federally regulated AMCs).  

 

The ASC issued a final rule on collection and transmission of annual AMC registry fees .  The AMC Registry Fee Rule was published in the September 25, 2017 issue of the Federal Register and went into effect on November 24, 2017.   

 

The ASC recognizes that participating States may need to amend their rules and/or regulations, or revise their operating procedures, to implement AMC registry fees.  After June 4, 2020, any participating State's AMC Program will be reviewed for compliance with the AMC Registry Fee Rule as part of the Compliance Review process.   

 

Title XI imposes a statutory restriction on performance of services by AMCs for a federally related transaction (FRT) that applies after August 10, 2018, for AMCs operating in a State that elected not to register and supervise AMCs in accordance with the AMC RuleThe restriction on performance of services for FRTs will not impact an AMC so long as the AMC is registered with a State that has elected to register and supervise AMCs, or is subject to oversight by a Federal financial institutions regulatory agency. 

 

The AMC Registry is used by appraisers, Federal and State agencies, financial institutions, users of appraisal services, law enforcement, and consumers.  Use of the AMC Registry is free. 

 

The AMC Registry facilitates information sharing that assists State Programs in enforcing their AMC-related statutes and regulations.  Financial institutions and other users also can access the AMC Registry to: 

 

Receive automatic notifications; or 

 

Download publicly available information or parts of the AMC Registry into predefined queries and user-customized queries. 

 

The AMC Registry also contains non-public data that has no impact on the AMCs ability to conduct business.  Access to non-public data is restricted to authorized State regulatory agency representatives. 

 

State agencies submit AMC information to the AMC Registry periodically.  While we believe the information is generally reliable, we have not independently verified information provided by the States.  If you have a question, we suggest that you contact the State agency. 

 

How to Search the AMC Registry 

 

You may search the AMC Registry databases in two ways.  You can select the pre-defined "quick search" which will return information on all AMCs within the database.  Or, you can choose to query for specific information.  Only ASC-authorized State regulatory agency officials can access information regarding disciplinary actions that have no impact on an AMCs ability to conduct business. The AMC Registry reports as public information active disciplinary actions that limit an AMC's ability to conduct business.  If you require further information regarding other types of disciplinary action, please contact the State agency directly. To obtain the complete history of an AMC's registration, you must contact the State agency 

 

To receive automated email notices regarding AMCs on the AMC Registry, you may sign up for ASC E-mail Notices.