Rules & Regulations of the State of Tennessee
Title 1255 - Real Estate Appraiser Commission
Chapter 1255-08 - Appraisal Management Company Registration and Regulation
Section 1255-08-.07 - ADMINISTRATIVE PENALTIES
Current through September 24, 2024
(1) With respect to any registrant, the Commission may in addition to or in lieu of any other lawful disciplinary action, assess an administrative penalty against such registrant for each separate violation of a statute, rule or order pertaining to the Commission in accordance with the following schedule:
|
Violation |
Penalty |
|
(a) T.C.A. § 62-39-411....................... |
$50 - $1,000 |
|
(b) T.C.A. § 62-39-412...................... |
$50 - $1,000 |
|
(c) T.C.A. § 62-39-413...................... |
$50 - $1,000 |
|
(d) T.C.A. § 62-39-414...................... |
$50 - $1,000 |
|
(e) T.C.A. § 62-39-415...................... |
$50 - $1,000 |
|
(f) T.C.A. § 62-39-416...................... |
$50 - $1,000 |
|
(g) T.C.A. § 62-39-417....................... |
$50 - $1,000 |
|
(h) T.C.A. § 62-39-418...................... |
$50 - $1,000 |
|
(i) T.C.A. § 62-39-419...................... |
$50 - $1,000 |
|
(j) T.C.A. § 62-39-420...................... |
$50 - $1,000 |
|
(k) T.C.A. § 62-39-421...................... |
$50 - $1,000 |
|
(l) T.C.A. § 62-39-422...................... |
$50 - $1,000 |
|
(m) T.C.A. § 62-39-424...................... |
$50 - $1,000 |
|
(n) T.C.A. § 62-39-425...................... |
$50 - $1,000 |
|
(o) T.C.A. § 62-39-427...... |
.$50 - $1,000 |
|
(p) Rule 1255-08-.01......................... |
$50 - $1,000 |
|
(q) Commission Order ....................... |
$50 - $1,000 |
(2) With respect to any person or entity required to be registered in this state as an Appraisal Management Company (regardless of whether the person or entity is actually licensed or certified), the Commission may assess an administrative penalty against such person or entity for each separate violation of a statute in accordance with the following schedule:
|
Violation |
Penalty |
|
(a) T.C.A. § 62-39-403.................... |
$100 - $1,000 |
(3) Each day of continued violation may constitute a separate violation.
(4) In determining the amount of administrative penalty to be assessed pursuant to this rule, the Commission may consider such factors as the following:
Authority: T.C.A. §§ 56-1-308, 62-39-411, 62-39-412, 62-39-413, 62-39-418, 62-39-419, 62-39-420, 62-39-421, 62-39-422, 62-39-424, and 62-39-425.
