Last week, the Office of the Comptroller of Currency (OCC) along with several agencies (including the Federal Reserve System, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency) proposed a new rulemaking document titled “Minimum Requirements for Appraisal Management Companies”. The proposed rules aim to set minimum standards for Appraisal Management Companies (AMC’s) and each State and make clear and consistent definitions, requirements, and oversight for AMCs.