Section 16-311 - Roster of State certified and licensed appraisers; Federal Appraisal Fee Fund. - Maryland Statutes

§ 16-311. Roster of State certified and licensed appraisers; Federal Appraisal Fee Fund.
 

(a)  Roster of State certified and licensed appraisers.- The Commission shall: 

(1) transmit to the Appraisal Subcommittee of the Federal Financial Institutions Examinations Council a roster of State certified and licensed appraisers as required by § 1109(a)(1) of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989; and 

(2) collect and transmit to the appropriate federal authority those fees required by § 1109(a)(2) of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 

(b)  Federal Appraisal Fee Fund.-  

(1) There is a Federal Appraisal Fee Fund within the Commission. 

(2) The Fund is a special account to be used to disburse moneys to the appropriate federal authority under subsection (a) (2) of this section. 
 

[1990, ch. 594; 1991, ch. 568; 1994, ch. 3, § 13; 2001, ch. 29, § 1.]