Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 2245 - Real Estate Appraisers › Chapter 5 - Fees › Section 20 CSR 2245-5.020 - Application, Certificate and License Fees

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment changes the payment schedule
				  for federal fees.
PURPOSE: This amendment sets forth the required fees
				  assessed to appraisal management companies per Policy Statement 8 issued by the
				  Appraisal Subcommittee in accordance with the Dodd-Frank Act.
(1) The following fees shall be paid by real
				estate appraiser applicants and licensees for original application, issuance,
				and renewal of certificates or licenses:
(A) Application Fee-to be paid upon original application
						  for certification or licensure to defray the expense of processing and
						  investigating the application
$300
(B) License/Certification Renewal Fee
$300
(C) Delinquent Renewal Fee (per month not to exceed a
						  maximum of $600)
$ 50
(D) Reissuance of a certificate or license, or
						  replacement of a lost, destroyed, or stolen certificate or license fee
$ 5
(E) Reissuance of a wallhanging certificate, or
						  replacement of a lost, destroyed, or stolen wallhanging certificate
$ 15
(F) Temporary Practice Permit (valid for six (6) months)
$150
(G) Letter of Good Standing (per letter)
$ 10
(H) Fingerprint Background Check Fee-Determined by the
						  Missouri State Highway Patrol (MSHP) or its approved vendor
(I) Continuing Education Course Approval Fee (per
						  course)
$ 25
(J) Continuing Education Course Renewal Fee (per course)
$ 10
(K) Reinstatement Fee
$300
(L) Inactive Renewal Fee
$ 50
(2)
				The following fees shall be paid by appraisal management companies (AMC) for
				original application, issuance, and renewal of license:
(A) Initial Application Fee
$350
(B) License Renewal Fee
$350
1. Federal AMC covered transactions (per appraiser)
$ 25*
(C) Delinquent Renewal Fee
$100
(D) Reissuance of a license or replacement of a lost,
						  destroyed, or stolen license
$5
(E) Fingerprint Background Check Fee-Determined by the
						  Missouri State Highway Patrol (MSHP) or its approved vendor
(F) Appraisal Subcommittee Fee (per appraiser)
$ 25**
(3)
				The commission will collect the fees outlined in 20 CSR 2245-5.020(2)(B) 1. and
				(F) yearly. The commission will send notification to the licensed AMCs in
				January of each year which outlines the reporting period and instructions for
				the collection of said fees.
(4)
				Fees shall be remitted and received by the office no later than the date
				specified on the notice to ensure that the commission is able to include the
				AMC on the national registry submission sent to the Appraisal Subcommittee.
				Failure to receive said fees by the date specified on the notice will not
				guarantee the submission of the AMC on the national registry.
(5) All fees are nonrefundable.
* For those AMC's that meet the federal definition of AMC as
				  defined in 12 U.S.C. 3350(11): an additional $25 multiplied by the number of
				  appraisers who have performed an appraisal for the AMC in connection with a
				  covered transaction during the reporting period shall be remitted.
**Appraisal management companies that are owned and
				  controlled by an insured depository institution as defined in 12 U.S.C. 1813
				  and regulated by the Office of the Comptroller of the Currency, the Board of
				  Governors of the Federal Reserve System, or the Federal
Deposit Insurance Corporation are to remit a check made
				  payable to the Appraisal Subcommittee no later than the date specified on the
				  notice. The amount to be remitted shall be determined by multiplying the number
				  of appraisers who have performed an appraisal for the AMC in connection with a
				  covered transaction by twenty-five dollars ($25) for each reporting
				  period.
*Original authority: 339.509, RSMo 1990, amended 1998,
					 2012; 339.513, RSMo 1990, amended 1990, 1998, 2007, 2012; and 339.525, RSMo
					 1990, amended 1997, 2007, 2012.