§ 160-qqqq. Enforcement. The department may revoke or suspend the
license of an appraisal management company, or in lieu thereof may
impose a fine, per violation, not to exceed twenty-five thousand dollars
if the department finds that the licensee has made a material
misstatement in the application for such license, or if such licensee
has been found guilty of fraud or fraudulent practices, or for dishonest
or misleading advertising, or has demonstrated untrustworthiness or
incompetency to act as an appraisal management company, or has violated
any provision of this article or a regulation promulgated thereunder.
The department shall report any such violations by appraisal management
companies to the appraisal subcommittee.