N.Y. Executive Law § 160-qqqq: Enforcement

§ 160-qqqq. Enforcement. The department may revoke or suspend the

license of an appraisal management company, or in lieu thereof may

impose a fine, per violation, not to exceed twenty-five thousand dollars

if the department finds that the licensee has made a material

misstatement in the application for such license, or if such licensee

has been found guilty of fraud or fraudulent practices, or for dishonest

or misleading advertising, or has demonstrated untrustworthiness or

incompetency to act as an appraisal management company, or has violated

any provision of this article or a regulation promulgated thereunder.

The department shall report any such violations by appraisal management

companies to the appraisal subcommittee.