A. The board shall establish the fee for appraisal management company registration by rule to cover the cost of the administration of the Appraisal Management Company Registration Act, but in no case shall the fee be more than two thousand dollars ($2,000).
B. Registration fees shall be credited to the appraiser fund pursuant to Section 61-30-18 NMSA 1978.
C. An appraisal management company that either has registered with the board or operates as a subsidiary of a federally regulated financial institution shall pay to the board an annual registry as determined by the appraisal subcommittee.
History: Laws 2009, ch. 214, § 8; 2013, ch. 143, § 4.
ANNOTATIONSThe 2013 amendment, effective June 14, 2013, provided for a fee for a company that is associated with a subsidiary of a federally regulated financial institution; and added Subsection C.