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Current as of January 01, 2025 | Updated by Findlaw Staff
The director may deny, suspend, or revoke the registration of an appraisal management company; impose a monetary penalty of an amount not to exceed $5,000 per violation; issue a letter of reprimand; refuse to issue or renew the registration of an appraisal management company; or take other disciplinary action against an appraisal management company for any one or more of the following acts or conditions:
(1) The applicant is not of a good moral character;
(2) The applicant has had a registration revoked or suspended for cause, or surrendered in lieu of disciplinary proceedings;
(3) The applicant, upon renewal of registration, would not be eligible for registration on a first application;
(4) The issuance of a registration would result in a violation of this chapter or any rules adopted pursuant to this chapter;
(5) In the conduct of affairs under the registration, the registrant has demonstrated incompetency, untrustworthiness, or conduct or practices rendering the registrant unfit to carry on appraisal management services; made continuance in the business detrimental to the public interest; or is no longer carrying on appraisal management services in good faith, and for this conduct is found by the director to be a source of detriment, injury, or loss to the public;
(6) The appraisal management company committed any act in violation of this chapter;
(7) The appraisal management company violated any rule adopted by the department in the interest of the public and consistent with this chapter;
(8) The appraisal management company procured a registration or renewal of registration for the appraisal management company or intentionally committed any other act by fraud, misrepresentation, or deceit; or
(9) The appraisal management company violates this chapter, chapter 436B, or any rule or order of the director.
Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 466M-26 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-466m-26/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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