Source: https://www.fdic.gov/regulations/laws/rules/8000-3650.html
Timestamp: 2020-01-29 19:55:02
Document Index: 304483779

Matched Legal Cases: ['§ 1102', '§ 1102', '§ 1102', '§ 1102', '§ 1102', '§ 1102']

§ 1102.400 Authority, purpose, and scope.
(a) Authority. This subpart is issued by the Appraisal Subcommittee (ASC) under sections 1106 and 1109 (a)(4)(B) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Title XI), as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) (Pub. L. 111--203, 124 Stat. 1376 (2010)), 12 U.S.C. 3335, 3338 (a)(4)(B)).
[Codified to 12 C.F.R. 1102.400]
§ 1102.401 Definitions.
(b) AMC Rule means the interagency final rule on minimum requirements for AMCs. (12 CFR 34.210--34.216; 12 CFR 225.190--225.196; 12 CFR 323.8--323.14; 12 CFR 1222.20--1222.26).
(e) State means any State, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the United States Virgin Islands, and American Samoa. (f) Other terms. Definitions of: Appraisal management company (AMC); appraisal management services; appraisal panel; consumer credit; covered transaction; dwelling; Federally regulated AMC are incorporated from the AMC Rule by reference.
[Codified to 12 C.F.R. 1102.401]
§ 1102.402 Establishing the annual AMC registry fee.
[Codified to 12 C.F.R. 1102.402]
§ 1102.403 Collection and transmission of annual AMC registry fees.
(a) Collection of annual AMC registry fees. States that elect to register and supervise AMCs pursuant to the AMC Rule shall collect an annual registry fee as established in § 1102.402 from AMCs eligible to be on the AMC Registry.
(b) Transmission of annual AMC registry fee. States that elect to register and supervise AMCs pursuant to the AMC Rule shall transmit AMC registry fees as established in § 1102.402 to the ASC on an annual basis. States may align a one-year period with any 12- month period, which may, or may not, be based on the calendar year. Only those AMCs whose registry fees have been transmitted to the ASC will be eligible to be on the AMC Registry.
[Codified to 12 C.F.R. 1102.403]