On March 24, six agencies issued a proposed rule that would implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that serves as an intermediary between appraisers and lenders and provides appraisal management services. The minimum requirements in the proposed rule would apply to states that elect to establish a licensing agency with the authority to register and supervise AMCs. An AMC is barred from providing appraisal management services for federally related transactions if it operates in a state that has not established such registration and supervision programs. Among other proposals, AMCs will be required to comply with the Uniform Standards of Professional Appraisal Practice and use state-certificated appraisers for federally related transactions. Interested parties have 60 days from the date of the publication of the proposed rule in the Federal Register to comment. FDIC Press Release. OCC Press Release. Proposed Rule.