32-3678 - Arizona Statutes

32-3678. Enforcement The board 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 board, 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 board in the interest of the public and consistent with this article. 3. Knowingly making or causing to be made to the board any false representation of material fact. 4. Suppressing or withholding from the board any information that the applicant possesses and that, if submitted by the applicant, would have rendered the applicant ineligible to be registered pursuant to rules adopted by the board. 5. Violating the federal financial institutions reform, recovery and enforcement act of 1989 (P.L. 101-73; 103 Stat. 183).