1.  The Division, with advice from the Commission, shall establish by regulation fees for appraisal management companies, including, without limitation, fees for:

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(a) Application for registration;

(b) Registration;

(c) Renewal of registration;

(d) Late renewal of registration;

(e) Investigation of applicants; and

(f) Inactive status.

2.  In addition to the fees established pursuant to subsection 1, each applicant for the issuance or renewal of a registration as an appraisal management company must pay to the Division a technology fee of $15.

3.  Except as otherwise provided in this subsection, the Division shall collect and remit the annual registry fee to the Federal Financial Institutions Examination Council or to the Appraisal Subcommittee, as appropriate, pursuant to 12 U.S.C. § 3338 and the rules or regulations issued thereunder. The fee required by this subsection must be collected from an appraisal management company only if, during the applicable year, the appraisal management company oversees a network or panel of more than 15 certified or licensed appraisers in this State or 25 or more certified or licensed appraisers nationally.