§ 1102.402. Establishing the annual AMC registry fee.
115 words·~1 min read·
/us/cfr/t12/s§ 1102.402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.