Utah Administrative Code
Topic - Commerce
Title R162 - Real Estate
Rule R162-2e - Appraisal Management Company Administrative Rules
Section R162-2e-205 - Division Service Fees - AMC Registry Fee
Universal Citation: UT Admin Code R 162-2e-205
Current through Bulletin 2024-06, March 15, 2024
(1) The division shall collect and transmit to the Appraisal Subcommittee an AMC registry fee from:
(a) an AMC registered under the Appraisal
Management Company Registration and Regulation Act; or
(b) an AMC that operates as a subsidiary of a
federally regulated financial institution.
(2) The amount of the AMC registry fee shall be as follows:
(a) for an AMC that has been in
existence for more than one year, the amount collected shall be the established
AMC registry fee multiplied by the number of appraisers who have performed an
appraisal in connection with a covered transaction for the AMC in Utah during
the previous year; and
(b) for an
AMC that has not been in existence for more than one year, the amount collected
shall be the established AMC registry fee multiplied by the number of
appraisers who have performed an appraisal in connection with a covered
transaction for the AMC in Utah since the AMC commenced doing
business.
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