12 CFR § 1102.402 - Establishing the annual AMC registry fee.

---
identifier: "/us/cfr/t12/s1102.402"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1102.402 - Establishing the annual AMC registry fee."
title_number: 12
title_name: "Banks and Banking"
section_number: "1102.402"
section_name: "Establishing the annual AMC registry fee."
chapter_name: "FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL"
part_number: "1102"
part_name: "APPRAISER REGULATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 3348(a), 3332, 3335, 3338 (a)(4)(B), 3348(c), 5 U.S.C. 552a, 553(e); Executive Order 12600, 52 FR 23781 (3 CFR, 1987 Comp., p. 235)."
cfr_part: "1102"
---


# 1102.402 Establishing the annual AMC registry fee.

The annual AMC registry fee to be applied by States that elect to register and supervise AMCs is established as follows:

(a) In the case of an AMC that has been in existence for more than a year, $25 multiplied by the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction in such State during the previous year; and

(b) In the case of an AMC that has not been in existence for more than a year, $25 multiplied by the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction in such State since the AMC commenced doing business.