Fla. Admin. Code Ann. R. 61-6.043 - Renewel Process for Appraisal Management Company
(1) Each registration of an appraisal
management company shall be renewed on a biennial basis. The schedule for
biennial renewal shall be as established in subsection
61-6.001(4),
F.A.C.
(2) When the total period of
inactive status exceeds 4 years, the registration shall automatically expire
per section 475.619(2),
F.S. and the appraisal management company must meet all the requirements for
initial registration. If automatic expiration has occurred pursuant to section
475.619(2),
F.S., the appraisal management company shall be required to meet all
requirements for initial licensure. Two years prior to the expiration, the
Department of Business and Professional Regulation shall give notice by mail or
email to the last known mailing or email address of the registrant.
(3) Inactive Registration.
(a) At any time after obtaining registration
as an appraisal management company, the registrant may request inactive status
by submitting Form DBPR FREAB-2, "Appraisal Management Company - Maintenance, "
incorporated by reference in rule
61-35.026, F.A.C. The fee to
change licensure status is found in rule
61J1-2.001, F.A.C.
(b) An appraisal management company, whose
registration is designated inactive pursuant to subsection (1), (2) or (3)
above, may request an active registration on Form DBPR FREAB-2, "Appraisal
Management Company - Maintenance, " incorporated by reference in rule
61-35.026, F.A.C. The fee to
change licensure status is found in rule
61J1-2.001,
F.A.C.
(4) Current
biennial renewal fees specified in subsection
61J1-2.001(2),
F.A.C. and late fees set forth in subsection
61J1-2.001(6),
F.A.C., shall be collected for each period of inactivity through the elected or
automatic inactive date.
Notes
Rulemaking Authority 455.203(5), 455.213, 455.271(3), 475.619(2), 475.6147, 475.6235(7) FS. Law Implemented 455.213, 455.271(3), 455.275(2), 475.619(2), 475.6147, 475.6235(7) FS.
New 9-3-13, Amended 12-17-18.
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