Delaware § 4035 Enforcement

Delaware Statutes

§ 4035 — Enforcement

Delaware·Title 24·Ch. 40 REAL ESTATE APPRAISERS·Subch. Appraisal Management Companies

The Council may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under this chapter or impose civil penalties not to exceed $15,000 per violation if, after a hearing, the Council finds that 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 chapter.

(2)Violating any rule adopted by the Council in the interest of the public and consistent with this chapter.

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

(4)Suppressing or withholding from the Council any information that the applicant possesses and that, if submitted by the applicant, would have ren

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The Council may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under this chapter or impose civil penalties not to exceed $15,000 per violation if, after a hearing, the Council finds that 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 chapter.

(2) Violating any rule adopted by the Council in the interest of the public and consistent with this chapter.

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

(4) Suppressing or withholding from the Council 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 Council.

(5) Violating the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, the act of July 21, 2010 [P. L. 111-203, 124 Stat. 2190].

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