§ 160-TTTT — Investigation

New York § 160-TTTT

• Jurisdiction: New York
• Law EXC: Executive
• Art. 6-H: Real Estate Appraisal Management Companies

Text

§ 160-tttt. Investigation. The department shall have the power to\nenforce the provisions of this article and upon complaint of any person,\nor on its own initiative, to investigate any violation thereof or to\ninvestigate the business, business practices and business methods of an\nappraisal management company, if in the opinion of the department such\ninvestigation is warranted. Each such applicant or licensee shall be\nobliged, on request of the department, to supply such information as may\nbe required concerning his or its business, business practices or\nbusiness methods, or proposed business practices or methods.\n For the purpose of enforcing the provisions of this article, and in\nmaking investigations relating to any violation thereof, and for the\npurpose of investigating the character, competency and integrity of the\napplicants or licensees hereunder, and for the purpose of investigating\nthe business, business practices and business methods of any applicant\nor licensee, or of the officers or agents thereof, the department,\nacting by such officer or person in the department as the secretary of\nstate may designate, shall have the power to subpoena and bring before\nthe officer or person so designated any person in this state and require\nthe production of any books, records or papers which he deems relevant\nto the inquiry and administer an oath to and take testimony of any\nperson or cause his or her deposition to be taken, except that any\napplicant or licensee or officer or agent thereof shall not be entitled\nto fees and/or mileage. A subpoena issued under this section shall be\nregulated by the civil practice law and rules.\n