2018 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 39 - State Licensing and Certified Real Estate Appraisers Law
Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act
§ 62-39-427. Power and authority of commission.
- In addition to all other powers and authority provided by this chapter or other applicable law, the commission shall have the power to:
(1) Conduct investigations of an AMC to assess potential violations of applicable appraisal-related laws, regulations, or orders;
(2) Discipline, suspend, terminate, or deny renewal of the registration of an AMC that violates applicable appraisal-related laws, regulations, or orders;
(3) Report an AMC's violation of applicable appraisal-related laws, regulations, or orders, as well as disciplinary and enforcement actions and other relevant information about an AMC's operations, to the appraisal subcommittee;
(4) Submit to the appraisal subcommittee any information required to be submitted by the appraisal subcommittee's regulations or guidance concerning AMCs that operate in this state; and
(5) Collect and transmit to the appraisal subcommittee an annual registry fee, in the amount set by the appraisal subcommittee, from state registered AMCs and AMCs operating as subsidiaries of a federally regulated financial institution in this state.
