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Tenn. Code Ann. § 62-39-427

Power and authority of commission

Known as the State Licensing and Certified Real Estate Appraisers Law

The act spans §§ 62-39-101 to 62-39-428 (74 sections).

Acts 2017, ch. 226, § 13.

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.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.