The purpose of the rule is to comply with 2010-84, Section 5, Laws of Florida, and Section 475.6235, F.S. by setting forth a procedure for renewal of the registration of an appraisal management company.

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

RULE NO.:RULE TITLE:
61-6.043Appraisal Management Company Registration Renewal
PURPOSE AND EFFECT: The purpose of the rule is to comply with 2010-84, Section 5, Laws of Florida, and Section 475.6235, F.S. by setting forth a procedure for renewal of the registration of an appraisal management company.
SUMMARY: The subject area to be addressed shall be a procedure for renewal of the registration of an appraisal management company.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:
The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the agency.
The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The Department conducted an analysis of the proposed rule’s potential economic impact and determined that it did not exceed any of the criteria established in Section 120.541(2)(a), F.S.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
RULEMAKING AUTHORITY: 475.6235(8) FS.
LAW IMPLEMENTED: 475.6235(8) FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: R. Kathleen Brown-Blake, Assistant General Counsel, Office of the General Counsel, 1940 North Monroe Street, Suite 42, Tallahassee, Florida 32399, [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

61-6.043 Renewal Process for Appraisal Management Company.

(1) Each registration of an appraisal management company shall be renewed on a biennial basis. The schedule for biennial renewal shall be as established in Rule 61-6.001, F.A.C.

(2) When the total period of inactive status exceeds 4 years, the registration shall automatically expire per Section 475.619(2), F.S. and the appraisal managment company must meet all the requirements for initial registration. Two years prior to the expiration, the Department of Business and Professional Regulation shall give notice by mail to the last known address of the registrant.

(3) Inactive Registration.

(a) At any time after obtaining registration as an appraisal managment company, the registrant may request inactive status by submitting Form DBPR FREAB-2, “Appraisal Management Company – Maintenance”, effective April 2012, adopted and incorporated herein, which may be found at https://www.myfloridalicense.com/CheckListDetail.asp?SID=&xactCode=8001&clientCode=6410&XACT_DEFN_ID=14050or at __________________, The fee to change licensure status is found in Rule 61J1-2.001, F.A.C.

(b) An appraisal managment company, whose registration is designated inactive pursuant to subsection (1), (2) or (3) above, may request an active registration on DBPR FREAB-2, “Appraisal Management Company – Maintenance”, effective April 2012.

(4) Refund of Application and Licensure Fees.

Upon written request, a refund of fees will be made under the following circumstances and in the following amounts:

(a) The Board shall refund to the applicant any portion of the application fee not expended in processing the application. The application shall be considered void upon payment of the refunded amount.

(b) Any fees accepted or collected in error or in excess of that required shall be refunded.

Rulemaking Authority 475.6235(8) FS. Law Implemented 475.6235(8) FS. History–New __________.

NAME OF PERSON ORIGINATING PROPOSED RULE: R. Kathleen Brown-Blake, Assistant General Counsel, Office of the General Counsel, 1940 North Monroe Street, Suite 42, Tallahassee, Florida 32399, [phone].
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Ken Lawson, Secretary, Department of Business and Professional Regulation
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: April 11, 2013
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: January 18, 2013