AUSTIN—Representative Kuempel (R-Suguin) passed house bill 1146 to establish a reasonable registration and regulatory structure for appraisal management companies operating within Texas.
As a result of the implementation of HVCC and the following outsourcing by many financial institutions to have appraisal management companies manage appraisers fulfilling appraisal assignments, the AMCs have grown tremendously over the years without any government oversight.
…continue reading the rest of this post: Kuempel Bill passes in Texas Legislature
