Rhode Island § 5-20.9-1 § 5-20.9-1. Legislative purpose.

Rhode Island Statutes

§ 5-20.9-1 — § 5-20.9-1. Legislative purpose.

Rhode Island·Title 5 Businesses and Professions·Ch. 5-20.9 Real Estate Appraisal Management Company Registration Act

§ 5-20.9-1. Legislative purpose.
This legislation provides the department with the statutory authority to develop and
            implement registration requirements for appraisal management companies ("AMCsâ€�) in
            connection with valuing properties collateralizing mortgage loans or mortgages incorporated
            into a securitization or any external third party authorized either by a creditor
            of a consumer credit transaction secured by a consumer's principal dwelling or by
            an underwriter of or other principal in the secondary mortgage markets operating in
            this state as required by the Dodd-Frank Wall Street Reform and Consumer Protection
            Act.
         

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§ 5-20.9-1. Legislative purpose.

This legislation provides the department with the statutory authority to develop and implement registration requirements for appraisal management companies ("AMCsâ€�) in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization or any external third party authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter of or other principal in the secondary mortgage markets operating in this state as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Rhode Island § 5-20.9-1 (§ 5-20.9-1. Legislative purpose.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.