Connecticut § 20-529f Federally regulated appraisal management companies. Registration exemption. Report. Payment of annual registry fee.

Connecticut Statutes

§ 20-529f — Federally regulated appraisal management companies. Registration exemption. Report. Payment of annual registry fee.

Connecticut·Title 20 Professional and Occupational Licensing, Certification, Title Protection and Registration. Examining Boards·Ch. 400g Real Estate Appraisers and Appraisal Management Companies

(a)No federally regulated appraisal management company shall be required to register with the Department of Consumer Protection.

(b)A federally regulated appraisal management company shall report to the Department of Consumer Protection, in a form and manner prescribed by the department, such information as the Commissioner of Consumer Protection is required to submit to the appraisal subcommittee of the Federal Financial Institutions Examination Council pursuant to Title XI of FIRREA, any regulation promulgated thereunder or any policy or rule established by said subcommittee.

(c)A federally regulated appraisal management company shall pay to the Commissioner of Consumer Protection an annual registry fee in an amount determined by the appraisal subcommittee of the Federal Financial Ins

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(a) No federally regulated appraisal management company shall be required to register with the Department of Consumer Protection. (b) A federally regulated appraisal management company shall report to the Department of Consumer Protection, in a form and manner prescribed by the department, such information as the Commissioner of Consumer Protection is required to submit to the appraisal subcommittee of the Federal Financial Institutions Examination Council pursuant to Title XI of FIRREA, any regulation promulgated thereunder or any policy or rule established by said subcommittee. (c) A federally regulated appraisal management company shall pay to the Commissioner of Consumer Protection an annual registry fee in an amount determined by the appraisal subcommittee of the Federal Financial Institutions Examination Council in accordance with federal law. The commissioner shall transmit the annual registry fee to the appropriate federal regulatory entity in accordance with Title XI of FIRREA, any regulation promulgated thereunder or any policy or rule established by said subcommittee.

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