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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 5A. REAL ESTATE APPRAISER TRAINEES. |
§ 16-5A-04. License renewal
Latest version.
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(a) Expiration after 3 years. -- Unless a real estate appraiser trainee license is renewed under this section, the license expires 3 years after the effective date of the license.
(b) Renewal requirements; notice. --
(1) Before a real estate appraiser trainee license expires, the licensee may renew the license for one additional 3-year term if the licensee:
(i) is otherwise entitled to be licensed;
(ii) pays to the Commission a renewal fee set by the Commission; and
(iii) submits to the Commission:
1. a renewal application on the form that the Commission requires; and
2. adequate evidence that the licensee meets the minimum continuing education requirements established under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
(2) At least 1 month before a real estate appraiser trainee license expires, the Commission shall mail to the licensee, at the last known address of the licensee:
(i) a renewal application form; and
(ii) a notice that states:
1. the date on which the current license expires;
2. the date by which the Commission must receive the renewal application for the renewal to be issued and mailed before the license expires; and
3. the amount of the renewal fee.
(3) The failure of a licensee to receive the notice under this subsection does not prevent the license from expiring as specified under subsection (a) of this section.