Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XI - Federal Financial Institutions Examination Council |
Part 1102 - Appraiser Regulation |
Subpart E - XXX |
§ 1102.402 - Establishing the annual AMC registry fee.
Latest version.
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§ 1102.402 Establishing the annual AMC registry fee.
The annual AMC registry fee to be applied by States that elect to register and supervise AMCs is established as follows:
(a) In the case of an AMC that has been in existence for more than a year, $25 multiplied by the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction in such State during the previous year; and
(b) In the case of an AMC that has not been in existence for more than a year, $25 multiplied by the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction in such State since the AMC commenced doing business.