Maryland Business Occupations and Professions Section 16-311

Article - Business Occupations and Professions

§ 16-311.

      (a)      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)      (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.



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