TITLE 54

PROFESSIONS, VOCATIONS, AND BUSINESSES

CHAPTER 41

IDAHO REAL ESTATE APPRAISERS ACT

54-4132.  Additional powers of the board. In addition to the powers conferred elsewhere in this chapter, the board shall have the power under this act, in relation to appraisal management companies, to:

(1)  Authorize by written agreement the division of occupational and professional licenses to act as its agent, to act in its interest and, in its discretion, to contract with the division of occupational and professional licenses for those services deemed necessary for the proper administration of this act;

(2)  Adopt, pursuant to the administrative procedure act, rules that are consistent with the provisions of this act and are not in conflict with state or federal law that may be reasonably necessary to implement, administer and enforce the provisions of this act;

(3)  Conduct investigations into violations of this act;

(4)  Receive applications for and approve registration of appraisal management companies pursuant to the provisions of this act;

(5)  Hold meetings and hearings at such times as it may designate;

(6)  Collect, deposit and disburse application and other fees and income;

(7)  Collect the actual costs and fees, including attorney’s fees, incurred by the board in the investigation and prosecution of an AMC upon the finding of a violation of this act or a rule adopted or an order issued by the board under this act. Provided, however, that the assessment of costs and fees against or in favor of a licensee under this chapter shall be governed by the provisions of section 12-117(5), Idaho Code;

(8)  Take such action as may be necessary to enforce the provisions of this act and to regulate appraisal management companies;

(9)  Report an AMC’s violation of applicable appraisal-related laws, regulations or orders, as well as disciplinary and enforcement actions or other relevant information about an AMC’s operations to state and federal agencies; and

(10) Require new applicants, owners or designated controlling persons for each new applicant to submit to a satisfactory fingerprint-based criminal history check of the Idaho central criminal database and the federal bureau of investigation criminal history database and to collect fees from applicants for the cost of such background checks.

History:

[54-4132, added 2016, ch. 131, sec. 1, p. 394; am. 2018, ch. 348, sec. 20, p. 816; am. 2022, ch. 94, sec. 59, p. 321.]