HRS §466M-4
Director's powers over appraisal management companies
This section lists what the state director can do with appraisal management companies. The director can approve or deny their registration, check their records, investigate them, and take action if they break the law. The director can also make rules to run the registration program.
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The statute, as written — Powers and duties of the director
In addition to any other powers and duties authorized by law, the director shall have the following powers and duties: (1) Review and approve or deny an appraisal management company's application for initial registration; (2) Renew or deny an appraisal management company's registration periodically; (3) Examine the books and records of an appraisal management company operating in the State and require the appraisal management company to submit reports, information, and documents; (4) Verify that the appraisers on the appraisal management company's appraiser panel hold valid state licenses or certifications, as applicable; (5) Conduct investigations of appraisal management companies to assess potential violations of applicable appraisal-related laws, regulations, or orders; (6) Discipline, suspend, terminate, or deny renewal of the registration of an appraisal management company that violates applicable appraisal-related laws, regulations, or orders; (7) Report an appraisal management company's violation of applicable appraisal-related law, regulations, or orders, as well as disciplinary and enforcement actions and other relevant information about an appraisal management company's operations, to the Appraisal Subcommittee; and (8) Adopt, amend, and repeal rules, pursuant to chapter 91, as may be necessary to establish the appraisal management company registration program and implement, administer, and enforce this chapter.
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