TITLE 16 OCCUPATIONAL AND PROFESSIONAL LICENSING

CHAPTER 65 REAL ESTATE APPRAISAL MANAGEMENT COMPANIES

PART 5 FEES

16.65.5.1 ISSUING AGENCY: State of New Mexico Real Estate Appraisers Board.

[16.65.5.1 NMAC - N, 10/16/09]

16.65.5.2 SCOPE: All real estate appraisal management companies registered and applying for registration with the board.

[16.65.5.2 NMAC - N, 10/16/09]

16.65.5.3 STATUTORY AUTHORITY: These rules are promulgated pursuant to the Appraisal Management Company Registration Act (NMSA 1978, Sections 47-14-1 through 23).

[16.65.5.3 NMAC - N, 10/16/09]

16.65.5.4 DURATION: Permanent.

[16.65.5.4 NMAC - N, 10/16//09]

16.65.5.5 EFFECTIVE DATE: October 16, 2009, unless a later date is cited at the end of a section.

[16.65.5.5 NMAC - N, 10/16/09]

16.65.5.6 OBJECTIVE: The objective of Part 5 is to set forth the fees authorized pursuant to the Appraisal Management Company Registration Act.

[16.65.5.6 NMAC - N, 10/16/09]

16.65.5.7 DEFINITIONS: [RESERVED]

[16.65.5.7 NMAC - N, 10/16/09]

16.65.5.8 FEES: All fees are non-refundable.

A. Initial application fee $1000.

B. Renewal fee $550.

C. Late renewal fee $250.

D. Change of Management fee $50.

E. Duplicate/replacement registration $25.

F. Paper list of all registrants $150.

G. Electronic list of all registrants $125.

H. Administrative fee $50.

I. Official verification of good standing $25.

J. AMC federal registration fee as currently charged by the appraisal subcommittee for federal registry.

[16.65.5.8 NMAC - N, 10/16/09; A, 01/15/2017; A, 09/26/2023]

16.65.5.9 AUDIT: Any costs incurred by the board during an audit may be attributed to the AMC.

[16.65.5.9 NMAC - N, 10/16/09]

16.65.5.10 DISCIPLINE: Registrant shall bear all cost of disciplinary proceeding unless they prevail at the hearing.

[16.65.5.10 NMAC - N, 10/16/09]

HISTORY OF 16.65.5 NMAC: [RESERVED]