B-279866.3: Feb 28, 2000

The ASC did not apply the law unreasonably or otherwise abuse its discretion when it concluded that a state's policy for assessing fees for an appraiser's first period of coverage is not appropriate if the initial registry fee covers more than a 12-month period. ASC asks whether Georgia's fee collection practice is consistent with section 1109 of FIRREA. ASC's position is that an annual registry f...

B-279866.3: Feb 28, 2000

GAO commented on whether the Federal Financial Institutions Examination Council's Appraisal Subcommittee (ASC) had the legal authority to determine that the state of Georgia's fee collection practice was inconsistent with ASC's interpretation of a statute that required state agencies to collect and transmit federal registry fees to ASC on an annual basis. GAO held that ASC had the authority to det...