CoesterVMS Chief Compliance Officer Toni Bright speaks at AARO conference this year.
At the fall Association of Appraiser Regulatory Officials (AARO), Toni Bright had the privilege to speak on a panel. The overriding topic was AMC Final Rules: Statutes & Regs, What Works, What Does Not. Each panel member took a specific topic to address current AMC state regulation. Everything from the minimum federal AMC requirements to the desire for AMCs to be regulated were part of the conversation.
While Toni has experience as a state regulator and working for an AMC, she felt it most important to address the cost of compliance and the regulatory burden it presents. Toni said, “Many times when a state is drafting legislation they do not see beyond their own state boundaries nor do they understand the role of their statutes and rules in the big picture. It is important to be educated on the cost of those regulations and the implications.”