1. (1) A registration shall expire two (2) years following the date of issuance.
2. (2) To obtain renewal of a registration, the holder of a current, valid registration must make application on the prescribed form no later than thirty (30) days prior to the expiration of the registration then held.
3. (3) An application for renewal must be accompanied by the two thousand dollar ($2,000.00) registration renewal fee plus the applicable federal registry fee.
4. (4) Failure to renew the registration prior to expiration will result in the loss of authority to operate as an Appraisal Management Company in Tennessee until a request for reinstatement has been processed by the Commission. A late penalty fee of one hundred dollars ($100.00) per month, or portion thereof, of delinquency must be paid prior to reinstatement in addition to the registration renewal fees. AND REGULATION

Authority: T.C.A. §§ 62-39-403 and 62-39-408. Administrative History: Original rule filed May 24, 2011; effective August 24, 2011. 1255-08-05 FEDERAL APPRAISER REGISTRY. Registrants who are qualified for enrollment in the federal roster or registry of Appraisal Management Companies must apply for enrollment or reinstatement of such enrollment in same upon a form approved by the Commission accompanied by the fee established for that purpose by the appropriate federal agency or instrumentality. Authority: T.C.A. § 62-39-333. Administrative History: Original rule filed May 24, 2011; effective August 22, 2011.