SECTION 600:30-1-6. Fee schedule

(a)   It is the finding of the Board that the sum of the fees paid by all AMCs registering or renewing a registration under the Oklahoma Appraisal Management Company Regulation Act that would be sufficient for the administration of the Act requires that an annual fee of one thousand dollars ($1,000.00) be imposed.

(b)   The Department shall charge and collect fees as follows:

(1)   Certificate of Registration (original and renewal) $1,000.00

(2)   Late Fee $100.00

(3)   Dishonored Check Fee Costs of collection plus $25.00

(c)   In addition, the Department shall charge and collect a National Registry Fee in such amount as may be assessed by the Appraisal Subcommittee for all AMCs holding a Certificate of Registration. Said fees shall be transmitted by the Department to the Appraisal Subcommittee.

(d)   Notwithstanding any other provision, a Certificate of Registration shall be suspended instanter should payment of any fees be dishonored by the issuing institution for any reason. In such case, the Director shall take immediate steps to provide notification to the Appraisal Subcommittee for inclusion on the National Registry, and to notify the registrant that the Certificate of Registration has been suspended by certified mail, return receipt requested.

[Source: Added at 28 Ok Reg 308, eff 1-1-11 (emergency); Added at 28 Ok Reg 921, eff 7-14-11]