{"data":{"id":"us-sc/s.c.-code-ann.-40-60-470","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 40-60-470","heading":"Disciplinary action for violations of this article.","body":"(A) In addition to the grounds for disciplinary action pursuant to Section 40-1-110, the board may discipline, publicly or privately reprimand, or fine an appraisal management company or suspend or revoke a registration issued under this article if, in the opinion of the board, an appraisal management company is attempting to perform, has performed, or has attempted to:\n(1) commit an act in violation of this article;\n(2) violate a rule or regulation adopted by the board in the interest of the public and consistent with the provisions of this article;\n(3) procure a registration, license, or certification by fraud, misrepresentation, or deceit; or\n(4) violate the South Carolina Real Estate Appraisers Act or the federal Financial Institutions Reform Recovery and Enforcement Act of 1989.\n(B) In addition to the sanctions provided in Section 40-1-120, the board may impose a fine not to exceed ten thousand dollars for an initial violation and not to exceed twenty thousand dollars for subsequent violations and may require payment of investigative costs. A fine is payable immediately upon the effective date of discipline unless otherwise provided by the board. A registrant against whom a fine is levied is not eligible for reinstatement until the fine is paid in full.\n(C) A decision by the board to publicly or privately reprimand, fine, revoke, suspend, or otherwise restrict a registrant or to limit or otherwise discipline a registrant becomes effective upon delivery of a copy of the decision to the registrant.\n(D) Nothing in this section prevents a registrant from voluntarily entering into a consent agreement with the board in which a violation is not contested and a sanction is accepted.","path":["Title 40 - PROFESSIONS AND OCCUPATIONS","CHAPTER 60 Real Estate Appraisers and Appraisal Management Companies","ARTICLE 3 Appraisal Management Company Registration Act"],"source_url":"https://www.scstatehouse.gov/code/t40c060.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:23:44Z","sha256":"8eec441d68dede2c32ed1b6fc4a0ecedd463544632adfeeecc6a635390722126","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-40-60-460","next":"us-sc/s.c.-code-ann.-40-60-480"},"notice":"GroundRules: Original legal text. Not legal advice."}