20 CSR 2245-5.020 - Application, Certificate and License Fees

Current through Register Vol. 46, No. 24, December 15, 2021

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.

Notes

20 CSR 2245-5.020
AUTHORITY: sections 339.509, 339.513, and 339.525.4, RSMo Supp. 2012.* This rule originally filed as 4 CSR 245-5.020. Emergency rule filed Dec. 6, 1990, effective Dec. 16, 1990, expired April 14, 1991. Emergency rule filed April 4, 1991, effective April 14, 1991, expired Aug. 11 , 1991. Original rule filed Jan. 3, 1991, effective April 29, 1991. Amended: Filed Aug. 15, 1991, effective Jan. 13, 1992. Amended: Filed Jan. 3, 1994, effective June 6, 1994. Emergency amendment filed March 14, 1994, effective March 24, 1994, expired June 5, 1994. Emergency amendment filed March 24, 1995, effective April 3, 1995, expired July 31, 1995. Amended: Filed Jan. 7, 1995, effective June 30, 1995. Amended: Filed Sept. 12, 1996, effective March 30, 1997. Amended: Filed Sept. 1, 1998, effective Feb. 28, 1999. Amended: Filed June 22, 1999, effective Dec. 30, 1999. Amended: Filed April 13, 2001, effective Oct. 30, 2001. Amended: Filed June 25, 2004, effective Feb. 28, 2005. Moved to 20 CSR 2245-5.020, effective Aug. 28, 2006. Amended: Filed Nov. 21, 2006, effective July 30, 2007. Amended: Filed Nov. 15, 2007, effective May 30, 2008. Amended: Filed Aug. 27, 2009, effective Feb. 28, 2010. Amended: Filed Nov. 13, 2012, effective June 30, 2013. Amended by Missouri Register August 1, 2018/Volume 43, Number 15, effective 10/1/2018 Amended by Missouri Register May 1, 2019/Volume 44, Number 9, effective 7/1/2019

*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.

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