California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 10 - Appraisals
Section 40.1005 - Cost of Appraisals

Universal Citation: 10 CA Code of Regs 40.1005
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Where an appraisal fee is charged under Section 18216 of the Financial Code, the actual cost of an appraisal of real property shall be supported by a worksheet which shows the hours spent in connection with the appraisal, the hourly rates of the appraisers and other employees and any other direct costs. A composite hourly rate for appraisers or other employees may be used with the written consent of the Commissioner. Overhead expenses shall not be included in actual costs.

1. Change without regulatory effect renumbering and amending former section 1214 to new section 40.1005 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18216, Financial Code.

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