The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisal management companies and appraisal management services in the following areas:
(1) Registration of appraisal management companies;
(2) Definition of terms;
(3) Responsibilities and duties;
(4) Application for and issuance of certificate of registration;
(5) Renewal and late renewal procedures;
(6) Contracting for investigations;
(7) Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand;
(8) Retention and inspection of records;
(9) Roster;
(10) Review of appraisal related records;
(11) Inspection, examination, and photocopy of records;
(12) National registry fee collection and remittance; and
(13) Filing of surety bonds or irrevocable letters of credit.