Indiana Code 25-34.1-11-15. Registration fee
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Sec. 15. (a) The board shall establish the registration fee to be paid by an appraisal management company seeking registration under this chapter. The amount of the registration fee must be the lesser of:
(2) five hundred dollars ($500).
(1) the amount determined by the board to be sufficient for the administration of appraisal management registrations under this chapter when aggregated with all the registration fees paid by appraisal management companies seeking registration under this chapter; or
Terms Used In Indiana Code 25-34.1-11-15
- Appraisal: A determination of property value.
- appraisal: has the meaning set forth in Indiana Code 25-34.1-11-1
- board: refers to the real estate appraiser licensure and certification board established by Indiana Code 25-34.1-11-4
(b) Registration fees collected under this section must be deposited in the investigative fund established by IC 25-34.1-8-7.5.
As added by P.L.77-2010, SEC.2.