Appraisal Management Companies

230-RICR-30-20-3 PROPOSED RULE

Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 30 Commercial Licensing
Subchapter 20 Real Estate
Part 3 Appraisal Management Companies
Type of Filing Amendment
Regulation Status Proposed
Filing Notice Date 04/25/2025
Public Comment Dates 04/25/2025 to 05/25/2025

Regulation Authority:

R.I. Gen. Laws § 5-20.9-7
5-20.9-9
5-20.9-15
5-20.9-16
5-20.9-18
5-20.9-19.

Purpose and Reason:

The Department of Business Regulation (“DBR”) has updated this regulation consistent with 2023 statutory changes to R.I. Gen. Laws Chapter 5-20.9. Specifically, amendments to R.I. Gen. Laws § 5-20.9-4 necessitated changes to § 3.4 of this regulation. DBR has already implemented these changes as required by federal and state laws. 

Real Estate Appraisals and the associated Appraisal Management Companies (AMCs) are federally regulated by the Appraisal Subcommittee (ASC), which oversees the regulatory framework and state licensing programs. 

0

Comment(s) Received*

The agency is not accepting online public comments for this filing.To submit a comment, please contact the agency directly at the addresses listed on the Notice of Proposed Rulemaking.

* This count refers to the total comment submissions received on this document, as of 11:59 PM yesterday.
Note: Agencies review all submissions; however, some agencies may choose to withhold certain submissions such as those containing private or sensitive information, profane or threatening language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and the actual number of comments displayed on this page. For specific information about a comment you submitted, please contact the agency directly.


Home

Search Regulations