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WVC 30 - 38 A- 17 §30-38A-17. Notice and hearing procedures.

     (a) The board, on its own motion or upon receipt of a written complaint, may investigate an appraisal management company, a person or firm associated with an appraisal management company, and a person or firm performing appraisal management services.

     (b) If the board determines after the investigation there are grounds for disciplinary action, the board may hold a hearing after giving thirty days' prior notice.

     (c) The board has the same powers set out in article thirty- eight of this chapter.

     (d) After notice and a hearing, the board may:

     (1) Deny, revoke or refuse to issue or renew the registration of an appraisal management company or restrict or limit the activities of an appraisal management company or of a person or firm that owns an interest in or participates in the business of an appraisal management company;

     (2) Impose a fine not to exceed $25,000 for each violation; or

     (3) Take other disciplinary action as established by the board by rule.

     (e) The board may seek injunctive relief in the Kanawha County Circuit Court to prevent a person or firm from violating the provisions of this article or the rules promulgated hereunder. The circuit court may grant a temporary or permanent injunction.

Note: WV Code updated with legislation passed through the 2016 Regular Session
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