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§ 16-5B-10. Failure to separate, disclose, or record fees prohibited

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: July 1, 2011

West's Annotated Code of Maryland
Business Occupations and Professions
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (Refs & Annos)
Subtitle 5b. Real Estate Appraisal Management Companies (Refs & Annos)
Effective: July 1, 2011
MD Code, Business Occupations & Professions, § 16-5B-10
§ 16-5B-10. Failure to separate, disclose, or record fees prohibited
In general
(a) An appraisal management company may not:
(1) knowingly fail to separate and disclose any fees charged to a client by the appraisal management company for the completion of an appraisal by an appraiser from the fees charged to a lender, client, or any other person by an appraisal management company for providing appraisal management services; or
(2) knowingly prohibit an appraiser from recording the fee that the appraiser was paid by the appraisal management company for the provision of real estate services within the appraisal report that is submitted by the appraiser to the appraisal management company.
Disciplinary action
(b) The Commission may not bring disciplinary action under § 16-702.2 of this title or recommend criminal sanctions under § 16-706 of this title based solely on subsection (a) of this section.

Credits

Added by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011.
MD Code, Business Occupations & Professions, § 16-5B-10, MD BUS OCCUP & PROF § 16-5B-10
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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