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;

Terms Used In Tennessee Code 62-39-427

  • Appraisal: A determination of property value.
  • Appraisal: means the act or process of developing an opinion of value of identified real estate. See Tennessee Code 62-39-402
  • Commission: means the real estate appraiser commission created by §. See Tennessee Code 62-39-402
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(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.
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