Where an appraisal fee is charged under Section 18216 of the Financial Code, the actual cost of an appraisal of real property shall be supported by a worksheet which shows the hours spent in connection with the appraisal, the hourly rates of the appraisers and other employees and any other direct costs. A composite hourly rate for appraisers or other employees may be used with the written consent of the Commissioner. Overhead expenses shall not be included in actual costs.

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18216, Financial Code.

History

1. Change without regulatory effect renumbering and amending former section 1214 to new section 40.1005 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).