[§466L-4]  Powers and duties of the director.  [See Note at chapter heading.]  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 2017, c 118, pt of §2]