[Editor's Note: Claire suggests that appraisers check the www.ASC.Gov web site in the next couple of days. as they will have more information/another comment.]
"Due to the volume of e-mails received regarding this subject, your e-mail has been forwarded to me for response."
"The appropriate agency to receive your concern about a creditor’s compliance with the Truth in Lending Act (TILA), including the creditor or the creditor’s agent paying an appraiser a customary and reasonable fee, is the agency that enforces TILA for the creditor."
"If the agent or appraisal management company (AMC) is affiliated with a federally-regulated creditor, the appropriate agency to receive complaints against the AMC is the affiliated creditor’s federal regulator. "
"If the agent (or AMC) is not affiliated with a federally-regulated creditor, the appropriate agency to receive the complaint is the Federal Trade Commission. There are two websites that you can use to find the federal regulator for a creditor."
- Federal Reserve System – National Information Center website: http://www.ffiec.gov/nicpubweb/nicweb/nichome.aspx ; and
- FDIC website at the “Bank Find” webpage: http://www2.fdic.gov/idasp/main_bankfind.asp
"Questions regarding the appropriate interpretation of the Truth in Lending Act, including those on customary and reasonable fees, should be directed to the Federal Reserve Board at http://www.federalreserve.gov/feedback.cfm."
Regards, Claire Brooks - Administrative Officer Appraisal Subcommittee
1401 H Street, NW, Suite 760 Washington, DC 20005
(202) 595-7580 www.asc.gov
Contact Information for Dodd Frank
Federal Reserve Board complaint line: (888) 851-1920
Margaret Shanks (202) 452-3584 wants to hear from more appraisers at Fed Reserve Board Jamie Goodsen (202) 452-3667 - she's one of the attorneys that wrote the C & R provision on Dodd-Frank; recommend you call her only if you have something important to discuss.
To find you Congressman; https://writerep.house.gov/writerep/welcome.shtml.
To find your Senator; http://www.senate.gov/general/contact_information/senators_cfm.cfm
The Consumer Financial Protection Bureau will be extremely important going forward.