This text of Louisiana § 37:3415.22 (Federal registry requirements) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§3415.22. Federal registry requirements
A. The board shall collect from each appraisal management company that is
registered or seeking to be registered in this state the information that the appraisal
subcommittee, as described in R.S. 37:3395, requires to be submitted to it by the state
pursuant to regulations promulgated by the appraisal subcommittee, including the collection
of administrative fees consistent with the final federal rules as provided for in the applicable
provisions of 12 CFR Parts 34, 208, 225, 323, 390, 1026, and 1222.
B.
(1)A federally regulated appraisal management company operating in this state
shall report to the board any information required to be submitted by the state to the appraisal
subcommittee pursuant to the policies of the appraisal subcommittee regardin
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§3415.22. Federal registry requirements
A. The board shall collect from each appraisal management company that is
registered or seeking to be registered in this state the information that the appraisal
subcommittee, as described in R.S. 37:3395, requires to be submitted to it by the state
pursuant to regulations promulgated by the appraisal subcommittee, including the collection
of administrative fees consistent with the final federal rules as provided for in the applicable
provisions of 12 CFR Parts 34, 208, 225, 323, 390, 1026, and 1222.
B.(1) A federally regulated appraisal management company operating in this state
shall report to the board any information required to be submitted by the state to the appraisal
subcommittee pursuant to the policies of the appraisal subcommittee regarding the
determination of the appraisal management company national registry fee.
(2) Reports submitted pursuant to this Subsection shall include the following:
(a) A statement, in a form prescribed by the board, detailing the intent of the
federally regulated appraisal management company to operate in this state.
(b)(i) Any information related to whether the appraisal management company is
owned in whole or in part, directly or indirectly, by any person who has had an appraiser
license or certification refused, denied, cancelled, surrendered in lieu of revocation, or
revoked in any state.
(ii) Any information related to the revocation of a license of any person described
in Item (i) of this Subparagraph and whether the revoked license has been reinstated by the
state or states in which the appraiser was licensed.
C.(1) Any appraisal management company not meeting the minimum qualifications
established by 12 U.S.C. 3350(11) shall not be included in the National Registry of Appraisal
Management Companies as administered by the Appraisal Subcommittee of the Federal
Financial Institutions Examination Council.
(2) In accordance with 12 U.S.C. 221 et seq., this Chapter does not apply to any
entity that is a subsidiary owned and controlled by a federal financial institution regulatory
agency, including the Board of Governors of the Federal Reserve System, the Federal
Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of
Thrift Supervision, and the National Credit Union Administration.