Appraisal Management Companies registered with TALCB must complete AMC National Registry mandatory reporting and pay the registration fee by March 31, 2022. The current registry reporting period is January 1, 2021, through December 31, 2021.
How to File Your Report
The AMC National Registry Fee is $25 per panelist that performed work on a covered transaction between January 1, 2021, through December 31, 2021. This fee is transmitted to the Appraisal Subcommittee. In addition, a 3% online processing fee will be applied, which will be transmitted to Texas Online. Neither fee is kept by TALCB. Mandatory reporting can be completed by logging on to TALCB’s Online Services. Registrants must report:
- Whether the AMC oversees an appraiser panel of more than 15 appraisers in Texas or 25 or more appraisers in multiple states;
- Whether the AMC is a federally regulated AMC; and
- The number of appraiser panelist who performed work on one or more covered transactions in Texas during the reporting period.
Avoid Late Fees
Failure to timely comply will result in a $500 late fee. In addition, AMCs that do not timely comply will not be added to the national registry, resulting in ineligibility to perform services on federally related transactions.
More Information on the AMC National Registry
Read FAQs on the process and watch the video below to learn more.