[ §466M-4] Powers and duties of the director.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

[ §466M-4] Powers and duties of the director. In addition to any other powers and duties authorized by law, the director shall have the following powers and duties:

(1)Review and approve or deny an appraisal management company's application for initial registration;

(2)Renew or deny an appraisal management company's registration periodically;

(3)Examine the books and records of an appraisal management company operating in the State and require the appraisal management company to submit reports, information, and documents;

(4)Verify that the appraisers on the appraisal management company's appraiser panel hold valid state licenses or certifications, as applicable;

(5)Conduct investigations of appraisal management companies to assess potential violations of applicable appraisal-related laws, regulations, or orders;

(6)Discipline, suspend, terminate, or deny renewal of the registration of an appraisal management company that violates applicable appraisal-related laws, regulations, or orders;

(7)Report an appraisal management company's violation of applicable appraisal-related law, regulations, or orders, as well as disciplinary and enforcement actions and other relevant information about an appraisal management company's operations, to the Appraisal Subcommittee; and

(8)Adopt, amend, and repeal rules, pursuant to chapter 91, as may be necessary to establish the appraisal management company registration program and implement, administer, and enforce this chapter. [L 2024, c 80, pt of §2]