A federally regulated appraisal management company operating in California shall report to the bureau the information the bureau is required to submit to the Appraisal Subcommittee, pursuant to the Appraisal Subcommittee’s policies regarding the determination of the Appraisal Management Company Registry fee. The bureau may charge the federally regulated appraisal management company a state fee in an amount not to exceed the reasonable regulatory cost to the board for processing and submitting the information. This fee shall be deposited in the Real Estate Appraisers Regulation Fund.
Cal. Bus. & Prof. Code § 11345.8
Licenses and Certification Application
Known as the Real Estate Appraisers’ Licensing and Certification Law
The act spans §§ 11300–11425 (97 sections).
Added by Stats. 2017, Ch. 429, Sec. 71
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.