Arizona Laws 32-3607. Fees; use of credit cards; appraisal subcommittee fund
A. The deputy director shall charge and collect fees that are sufficient to fund the activities necessary to carry out this chapter. The fees include:
Terms Used In Arizona Laws 32-3607
- Appraisal: A determination of property value.
- Appraisal subcommittee: means the subcommittee of the federal financial institutions examination council created pursuant to 12 United States Code § 3310 and chapter 34A, as amended. See Arizona Laws 32-3601
- Course approval: means the act of the deputy director reviewing course materials to form an opinion as to the adequacy and appropriateness of the course for licensing pursuant to section 32-3613, certification pursuant to section 32-3614 and continuing education as prescribed in section 32-3625 in accordance with the appraiser qualifications board and this chapter. See Arizona Laws 32-3601
- Department: means the department of insurance and financial institutions. See Arizona Laws 32-3601
- Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 32-3601
- Registered trainee appraiser: means a person who meets both of the following requirements:
(a) Is registered with the deputy director and meets the appraiser qualifications board's qualifications for trainee appraisers to perform appraisal services only under the direct supervision of a certified appraiser who has met the minimum criteria to be a supervisory appraiser. See Arizona Laws 32-3601
- State-licensed or state-certified appraiser: means a person who develops and communicates appraisals and who holds a current, valid license or certificate issued under this chapter. See Arizona Laws 32-3601
1. An application fee for licensure or certification of not more than $400.
2. An application fee for a resident temporary license or certificate of not more than $400.
3. An examination fee in an amount to be determined by the deputy director.
4. A fee for renewal of a license, certificate or resident temporary license or certificate of not more than $425.
5. A delinquent renewal fee in addition to the renewal fee of not more than $25.
6. A two-year national registry fee of not to exceed the actual cost of twice the current annual national registry fee for a state-licensed or state-certified appraiser.
7. A one-year national registry fee not to exceed the actual cost of the current annual national registry fee for appraisal management companies.
8. A nonresident temporary licensure or certification fee of not more than $150.
9. A course approval fee of not more than $500.
10. An application fee to be a registered trainee appraiser in an amount to be determined by the deputy director.
B. If the appraisal subcommittee raises the national registry fee during the second year of a biennial license or certificate, state-licensed and state-certified appraisers shall pay the additional national registry fee on demand by the deputy director. Failure to pay the additional fee within thirty days after notice by the deputy director subjects the license or certificate holder to a penalty of twice the amount owed but not to exceed $20. The deputy director shall not renew a license or certificate until all outstanding obligations of the license or certificate holder are paid.
C. Pursuant to section 35-142, subsection J, the deputy director may accept a credit card or debit card for the payment of fees established by this section. The deputy director may impose a convenience fee for payment made pursuant to this subsection in an amount to be determined by the deputy director.
D. The appraisal subcommittee fund is established consisting of national registry fee monies collected pursuant to this section. The department shall administer the fund. The department shall use the monies to promptly remit the national registry fees to the appraisal subcommittee for state-licensed appraisers, state-certified appraisers, registered appraisal management companies or appraisal management companies that operate as a subsidiary of a federally regulated financial institution.