Occupations Code § 1104.052

The board must set certain fees, collect registry fees and related information from appraisal management companies, deposit the collected fees into the appraiser registry account, and forward the fees to the appraisal subcommittee as required by federal law.

Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

administrative fees appraisal management registry fees

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Provisions of Occupations Code § 1104.052

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1104.052
Occupations Code § 1104.052
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The board must set certain fees, collect registry fees and related information from appraisal management companies, deposit the collected fees into the appraiser registry account, and forward the fees to the appraisal subcommittee as required by federal law.

Sec. 1104.052. FEES. (a) Subject to Subsection (b), the board by rule shall establish application, renewal, and other fees in amounts so that the sum of the fees paid by all appraisal management companies seeking registration under this chapter is sufficient for the administration of this chapter. (b) The board shall collect from each appraisal management company registered under this chapter the national registry fee required by the appraisal subcommittee for each person who is on the appraisal panel of the company and licensed or certified as an appraiser in this state. (c) Notwithstanding Section 1104.004, the board shall collect from each federally regulated appraisal management company operating in this state: (1) the national registry fee required by the appraisal subcommittee; (2) information regarding the determination of the national registry fee as required by the appraisal subcommittee; (3) a fee in an amount that is sufficient for the administration of this subsection as established by board rule; and (4) any other information required by state or federal law. (d) The board shall deposit the national registry fees collected under this section to the credit of the appraiser registry account in the general revenue fund. (e) The national registry fees collected under this section shall be sent to the appraisal subcommittee regularly as required by federal law. Added by Acts 2011, 82nd Leg., R.S., Ch. 256 (H.B. 1146), Sec. 2, eff. September 1, 2011. Amended by: Acts 2017, 85th Leg., R.S., Ch. 107 (S.B. 1516), Sec. 3, eff. September 1, 2017. SUBCHAPTER C. REGISTRATION REQUIREMENTS

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Occupations Code § 1104.052

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