LegalFix
Sign In

§ 32-3678 Censure, suspension or revocation; civil penalty

AZ Rev Stat § 32-3678 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

32-3678. Censure, suspension or revocation; civil penalty

The superintendent may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under this article or impose civil penalties not to exceed fifteen thousand dollars per violation if, in the opinion of the superintendent, an appraisal management company is attempting to perform, has performed or has attempted to perform any of the following acts:

1. Committing any act in violation of this article.

2. Violating any rule adopted by the superintendent in the interest of the public and consistent with this article.

3. Knowingly making or causing to be made to the superintendent any false representation of material fact.

4. Suppressing or withholding from the superintendent any information that the appraisal management company possesses and that, if submitted by the appraisal management company, would have rendered the appraisal management company ineligible to be registered pursuant to rules adopted by the superintendent.

5. Violating the federal financial institutions reform, recovery and enforcement act of 1989 (P.L. 101-73; 103 Stat. 183).

Previous Section
§ 32-3677 Review of disputes
Next Section
§ 32-3679 Disciplinary hearings