This text of Louisiana § 37:3415.19 (Enforcement) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§3415.19. Enforcement
A. The board may censure an appraisal management company, conditionally or
unconditionally suspend, or revoke any license issued under this Chapter, levy fines or
impose civil penalties not to exceed fifty thousand dollars, if in the opinion of the board, an
appraisal management company is attempting to perform, is performing, 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 or regulation adopted by the board in the interest of the public
and consistent with the provisions of this Chapter.
(3)Procuring a license by fraud, misrepresentation, or deceit.
B.
(1)In addition to any other civil remedy or civil penalty provided for in this
Chapter, the board may issue a subpoena
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§3415.19. Enforcement
A. The board may censure an appraisal management company, conditionally or
unconditionally suspend, or revoke any license issued under this Chapter, levy fines or
impose civil penalties not to exceed fifty thousand dollars, if in the opinion of the board, an
appraisal management company is attempting to perform, is performing, 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 or regulation adopted by the board in the interest of the public
and consistent with the provisions of this Chapter.
(3) Procuring a license by fraud, misrepresentation, or deceit.
B.(1) In addition to any other civil remedy or civil penalty provided for in this
Chapter, the board may issue a subpoena to any person or persons who the board has
probable cause to believe has engaged in real estate appraisal activity without a currently
valid license.
(2) Subpoenas issued by the board shall comply with the notice requirements of R.S.
49:975. These subpoenas shall be served upon the unlicensed individual personally or by any
type of mailing requiring a return receipt and shall include a statement of the manner in
which the unlicensed person shall be required to respond to the commission.
C. The board may impose a civil penalty of no more than five thousand dollars upon
any unlicensed person who, after a hearing or informal resolution in accordance with all
provisions of this Chapter and the Administrative Procedure Act, is found to have engaged
in real estate appraisal activity without a currently valid license having been issued by the
board pursuant to the provisions of this Chapter. In addition, the board may assess costs and
attorney fees against the unlicensed person found to have been engaged in real estate
appraisal activity without a current license.
D. No person engaged in real estate appraisal activity without a currently valid
license shall have the right to receive any compensation for services so rendered. In addition
to any other penalties imposed under this Chapter, the board may require that any person
engaged in real estate appraisal activity without a license return any fees collected for
engaging in real estate appraisal activity.