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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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BUSINESS OCCUPATIONS AND PROFESSIONS |
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TITLE 16. REAL ESTATE APPRAISERS, APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS. |
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SUBTITLE 3. LICENSING OF REAL ESTATE APPRAISERS |
§ 16-311. Roster of State certified and licensed appraisers; Federal Appraisal Fee Fund
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(a) Roster of State certified and licensed appraisers. -- 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.
(b) Federal Appraisal Fee Fund. --
(1) There is a Federal Appraisal Fee Fund within the Commission.
(2) The Fund is a special account to be used to disburse moneys to the appropriate federal authority under subsection (a) (2) of this section.