TITLE 5
Businesses and Professions

CHAPTER 5-20.9
Real Estate Appraisal Management Company Registration Act [Effective July 1, 2018]

SECTION 5-20.9-16


§ 5-20.9-16. Investigations. [Effective July 1, 2018.].

(a) If the department has reasonable grounds to believe that an appraisal management company has violated the provisions of this chapter or that facts exist that would be the basis for an order against an appraisal management company, the department may at any time investigate or examine the books, accounts, records, and files of any registrant or other person relating to the complaint or matter under investigation. The department may require any registrant or other person to submit a criminal history record check in connection with any examination or investigation. Refusal to submit the requested criminal history record check shall be grounds for disciplinary action. The reasonable cost of this investigation or examination shall be charged against the registrant.

(b) The department shall have the power to issue subpoenas requiring the attendance of persons and the production of papers and records before the department in any hearing, investigation, inquiry, or other proceeding conducted by it. Upon the production of any papers, records, or documents, the department shall have the power to authorize true copies thereof to be substituted in the permanent record of the matter in which the books, records, or documents shall have been introduced in evidence.

(c) The department may from time to time conduct routine examinations of the books and records of an appraisal management company registered with the department in order to determine the compliance with this chapter and any rules promulgated thereunder.

History of Section.
(P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.)