§ 16-311
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§16–311.
(a)The Commission shall:
(1)transmit to the Appraisal Subcommittee of the Federal Financial Institutions Examinations Council a roster of State certified and licensed appraisers as required by § 1109(a)(1) of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989; and
(2)collect and transmit to the appropriate federal authority those fees required by § 1109(a)(2) of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
(1)There is a Federal Appraisal Fee Fund within the Commission.
(2)The Fund is a special account to be used to disburse money to the appropriate federal authority under subsection (a)(2) of this section.