The Mortgage Industry Standards Maintenance Organization has extended the comment period on its proposed standard regarding the maintenance and sharing of commercial and multifamily rent-roll information.
The public comment period will now run through March 15. Previously, the comment period was set to end on Jan. 13, but was extended following requests from multiple organizations, MISMO said Tuesday.
The rent-roll standard was proposed on Dec. 12 and applies to any income-producing property, including office, multifamily, industrial, assisted living and hotels.
The standard applies to 87 fields of property and financial data and pertains to how this data is maintained and shared. Full details of the proposed standard are available on MISMO’s website.