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09.19.07 - Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors - Proposed Regulations

PROPOSED ACTION ON REGULATIONS
MARYLAND REGISTER, VOLUME 44, ISSUE 3,
FRIDAY, FEBRUARY 3, 2017

Title 09 DEPARTMENT OF LABOR, LICENSING, AND REGULATION

Subtitle 19 COMMISSION OF REAL ESTATE APPRAISERS, APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS — REAL ESTATE APPRAISERS

09.19.07 - Fees

Authority: Business Occupations and Professions Article, §§16-216, 16-304[(d)], and 16-304.1, Annotated Code of Maryland

Notice of Proposed Action
[17-025-P]

The Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors proposes to amend Regulation .01 under COMAR 09.19.07 Fees. This action was considered at a public meeting of the Commission held on October 11, 2016, notice of which was given in 43:20 Md. R. 1152 (September 30, 2016) pursuant to General Provisions Article, §3-302, Annotated Code of Maryland.

Statement of Purpose

The purpose of this action is to clarify, under COMAR 09.19.07.01A, that an applicant for a licensing examination or reexamination shall pay the examination- or reexamination-related fees (1) directly to the testing service selected by the Maryland Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors to develop or administer the licensing examination; and (2) in an amount set by such testing service.

The purpose of this action is also to clarify, under COMAR 09.19.07.01B, that at the time a license or certificate is issued by the Commission, the licensee or certificate holder shall pay to the Commission a fee set by Federal Financial Institutions Examination Council for each year for which the license is issued.

Comparison to Federal Standards

There is a corresponding federal standard to this proposed action, but the proposed action is not more restrictive or stringent.

Estimate of Economic Impact

The proposed action has no economic impact.

Economic Impact on Small Businesses

The proposed action has minimal or no economic impact on small businesses.

Impact on Individuals with Disabilities

The proposed action has no impact on individuals with disabilities.

Opportunity for Public Comment

Comments may be sent to Patricia Schott, Executive Director, Commission of Real Estate Appraisers, Appraisal Management Companies and Home Inspectors, 500 N. Calvert Street, Baltimore, MD 21202, or call 410-230-6165, or email to patricia.schott@maryland.gov, or fax to 410-333-6314. Comments will be accepted through March 6, 2017. A public hearing has not been scheduled.

Open Meeting

Final action on the proposal will be considered by Commission of Real Estate Appraisers, Appraisal Management Companies and Home Inspectors during a public meeting to be held on April 11, 2017, at 500 N. Calvert Street, Third Floor, Baltimore, MD 21202.

.01 Fees Owed the Commission.
  A. [Pursuant to Business Occupations and Professions Article, §§16-304(d) and 16-506(d), Annotated Code of Maryland, an] An applicant for examination or reexamination shall pay an examination or reexamination fee [of $100] directly to the testing service chosen by the Commission to develop or administer the examination.
  B. At the time a license or certificate is issued by the Commission, the licensee or certificate holder shall pay to the Commission [$40] a fee set by the Federal Financial Institutions Examination Council for each year for which the license is issued. [This fee will be transmitted to the Appraisal Subcommittee of the Federal Financial Institutions Examinations Council as required by 12 U.S.C. §3338.]
  C. — D. (text unchanged)

PATRICIA SCHOTT
Executive Director
Commission of Real Estate Appraisers, Appraisal
Management Companies, and Home Inspectors