Class Appraisal Inc. has announced that John P. Hamameh Esq. has joined the company as in-house counsel and compliance attorney. Following the implementation of the Dodd-Frank Act, individual states have been required to develop their own state regulations and registration requirements pertaining to Appraisal Management Companies (AMCs). These regulations are still developing; therefore compliance can be difficult. Hamameh has been brought on board not only to assist with Class Appraisal’s compliance, but also to bring clarification to the industry as a whole.
“We look forward to having our own Compliance Attorney pioneer these regulations and continue to put Class Appraisal at the forefront of the industry,” said Mark Backonen, chief executive officer of Class Appraisal.