Section 20-NEW - [Newly enacted section not yet numbered] Federally regulated appraisal management companies(a) No federally regulated appraisal management company shall be required to register with the Department of Consumer Protection.(b) A federally regulated appraisal management company shall report to the Department of Consumer Protection, in a form and manner prescribed by the department, such information as the Commissioner of Consumer Protection is required to submit to the appraisal subcommittee of the Federal Financial Institutions Examination Council pursuant to Title XI of FIRREA, any regulation promulgated thereunder or any policy or rule established by said subcommittee.(c) A federally regulated appraisal management company shall pay to the Commissioner of Consumer Protection an annual registry fee in an amount determined by the appraisal subcommittee of the Federal Financial Institutions Examination Council in accordance with federal law. The commissioner shall transmit the annual registry fee to the appropriate federal regulatory entity in accordance with Title XI of FIRREA, any regulation promulgated thereunder or any policy or rule established by said subcommittee.Conn. Gen. Stat. § 20-NEW
Added by P.A. 24-0142,S. 5 of the Connecticut Acts of the 2024 Regular Session, eff. 6/6/2024.