A. The board shall have the following autonomous powers and duties:

            (1) To regulate the issuance of real estate appraiser registrations and licenses.

            (2) To establish administrative procedures for processing applications and issuing registrations and licenses to real estate appraisers and trainees.

            (3) To adopt any rules and regulations in accordance with the Administrative Procedure Act necessary for the enforcement of this Chapter.

            (4) To require any satisfactory proof it may desire in reference to the honesty, truthfulness, reputation, knowledge, and experience of any applicant for a real estate appraiser registration or license prior to issuance.

            (5) To adopt standards for the development and communication of real estate appraisals and to adopt regulations explaining and interpreting the standards.

            (6) To conduct disciplinary proceedings pursuant to the provisions of this Chapter, to suspend or revoke licenses, and to censure and fine licensees.

            (7) To impose continuing education requirements on licensees.

            (8) To adopt a seal by which it shall authenticate its proceedings.

            (9) To perform such other functions and duties as may be necessary to carry out the provisions of this Chapter.

            B. Notwithstanding any provisions contained in this Chapter to the contrary, the board may adopt such regulations as may be necessary to comply with the minimum requirements of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council, its agent, or its successor.

            C. The board shall have authority to require any real estate appraiser registrant or licensee to maintain records, as specified in this Chapter, and to inspect and subpoena such records.

            D. The board shall have the authority to subpoena any real estate appraiser registrant, licensee, or witness for the purpose of holding any hearing or in furtherance of an investigation. Failure of a licensee to comply with a subpoena duces tecum shall be punishable by the board in accordance with the provisions of La. Rev. Stat. 37:3409.

            Acts 1987, No. 472, §1; Acts 1991, No. 412, §1; Acts 1991, No. 695, §1; Acts 1993, No. 949, §§1, 2; Acts 1995, No. 690, §2; Acts 2003, No. 341, §1; Acts 2022, No. 547, §1, eff. June 17, 2022.

{{NOTE: SEE ACTS 1987, NO. 472, §2.}}