Section 339.1235

Title XXII OCCUPATIONS AND PROFESSIONS

Chapter 339

Effective - 28 Aug 2010, 2 histories, see footnote   (history) 

  339.1235.  Sanctioning of registration, imposition of civil penalties, when. — The commission may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under sections 339.1100 to 339.1240, or impose civil penalties not to exceed one thousand dollars for each offense. Each day of a continued violation constitutes a separate offense, with a maximum penalty of ten thousand dollars. In determining the amount of penalty to be imposed, the commission may consider if an appraisal management company is:

  (1) Knowingly committing any act in violation of sections 339.1100 to 339.1240;

  (2) Violating any rule adopted by the commission; or

  (3) Procuring a license by fraud, misrepresentation, or deceit.

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(L. 2010 H.B. 1692, et al.)