§ 2-106.7. State Commission of Real Estate Appraisers and Home Inspectors Fund
West's Annotated Code of MarylandBusiness RegulationEffective: July 1, 2012
Effective: July 1, 2012
MD Code, Business Regulation, § 2-106.7
§ 2-106.7. State Commission of Real Estate Appraisers and Home Inspectors Fund
(b)(1) There is a State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors Fund in the Department.
(c) The Fund consists of fees collected by the Commission and distributed to the Fund under Title 16 of the Business Occupations and Professions Article.
(d) The Fund shall be used to cover the Commission's actual documented direct and indirect costs of fulfilling the statutory and regulatory duties of the Commission.
(f) The Legislative Auditor shall audit the accounts and transactions of the Fund as provided in § 2-1220 of the State Government Article.
(g) At the end of each fiscal year, any unspent and unencumbered portion of the Fund in excess of $100,000 shall revert to the General Fund of the State.
Credits
Added by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011. Amended by Acts 2012, c. 366, § 1, eff. July 1, 2012.
MD Code, Business Regulation, § 2-106.7, MD BUS REG § 2-106.7
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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