Current through 11/5/2024 election
Section 12-10-620 - Duties of board under federal law(1) The board shall: (a) Transmit to the appraisal subcommittee of the federal financial institutions examination council or its successor entity, no less than annually, a roster listing individuals and appraisal management companies that have received a certificate or license as provided in this part 6;(b) Collect and transmit, on an annual basis, to the federal financial institutions examination council an annual registry fee, as prescribed by the appraisal subcommittee of the federal financial institutions examination council or its successor entity, from the following individuals and entities:(I) Individuals and appraisal management companies that are licensed or certified pursuant to this part 6; and(II) Appraisal management companies that operate as subsidiaries of federally regulated financial institutions; and(c) Conduct its business and promulgate rules in a manner consistent with Title XI of the federal "Financial Institutions Reform, Recovery, and Enforcement Act of 1989", as amended, Pub.L. 101-73.(2) The board shall not collect or transmit the information required by this section for licensed ad valorem appraisers.Renumbered from C.R.S. § 12-61-720 and amended by 2019 Ch. 136, § 1, eff. 10/1/2019.Amended by 2018 Ch. 286, § 4, eff. 8/8/2018.Entire part recreated and reenacted by 2014 Ch. 385, § 1, eff. 7/1/2014.Former 12-61-715 amended by 2013 Ch. 392, § 12, eff. 7/1/2013.L. 2014: Entire part RC&RE, (SB 14-117), ch. 385, p. 1904, § 1, effective July 1. L. 2018: (1)(b) amended, (SB 18-210), ch. 286, p. 1776, § 4, effective August 8.This section is similar to former § 12-61-720 as it existed prior to 2019.