§ 12-10-620 — Duties of board under federal law

(1) The board shall:

(a) Transmit to the appraisal subcommittee of the federal financial
institutions examination council or its successor entity, no less than annually, a
roster listing individuals and appraisal management companies that have received a
certificate or license as provided in this part 6;

(b) Collect and transmit, on an annual basis, to the federal financial
institutions examination council an annual registry fee, as prescribed by the
appraisal subcommittee of the federal financial institutions examination council or
its successor entity, from the following individuals and entities:

(I) Individuals and appraisal management companies that are licensed or
certified pursuant to this part 6; and

(II) Appraisal management companies that operate as subsidiaries of
federally regulated financial institutions; and

(c) Conduct its business and promulgate rules in a manner consistent with
Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement
Act of 1989, as amended, Pub.L. 101-73.

(2) The board shall not collect or transmit the information required by this
section for licensed ad valorem appraisers.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 684, � 1, effective October 1.