Ill. Admin. Code tit. 68 § 1452.200

Current through Register Vol. 48, No. 48, December 2, 2024

Section 1452.200 - Fees

a) The application fee for an initial registration as an appraisal management company shall be $2,500.

b) Renewal Application Fee for Appraiser Registration

1) The application fee to renew a registration as an appraisal management company shall be $2,000 per year.

2) The fee to reinstate a registration that has expired shall be $500 plus the sum of all lapsed renewal fees.

3) The fee to restore a registration that has been expired for more than 5 years shall be $2,000 plus the sum of all lapsed renewal fees.

c) The fee for issuance of a Temporary Certificate of Authority due to the loss of the designated controlling person shall be $100. The fee for a subsequent 90-day extension of the Temporary Certificate shall be $50.

d) General

1) All fees paid pursuant to the Act and this Part are non-refundable.

2) The fee for the issuance of a duplicate registration certificate, for the issuance of a replacement registration certificate that has been lost or destroyed, or for the issuance of a registration certificate with a name or address change, other than during the renewal period, shall be $25.

3) The fee for a certification of a registrant's record for any purpose shall be $25.

4) The fee for a decorative wall certificate of registration shall be the cost of producing the certificate.

5) The fee for a roster of persons registered under the Act shall be the cost of producing the roster.

6) The fee for a copy of the transcript of any proceeding under the Act shall be the cost to produce the copy.

7) The fee for certifying any record (e.g., a copy of a disciplinary order or application) shall be $1 per page.

8) The Division may charge an administrative fee not to exceed $5,000, as part of a compliance agreement issued with an administrative warning letter under Section 1452.160.

e) The AMC National Registry fee shall be payable on an annual basis at a time and in an amount set forth in Section 1452.220.

f) The late fee for failure to comply with the requirements of Section 1452.220 shall be $250.

Ill. Admin. Code tit. 68, § 1452.200

Amended at 45 Ill. Reg. 4273, effective 3/18/2021