(a) Subject to the hearing provisions of § 16-602 of this title, the Commission may deny registration to any applicant for registration as an appraisal management company, reprimand any registered appraisal management company, or suspend or revoke the registration of an appraisal management company if the applicant or registrant: (1) fraudulently or deceptively obtains or attempts to obtain registration for the applicant or registrant or for another; (2) fraudulently or deceptively uses a registration; (3) under the laws of the United States or any state is convicted of: (i) a felony; or (ii) a misdemeanor that is directly related to the fitness and qualifications of the registrant to provide appraisal management services; (4) violates or attempts to violate any provision of this title; (5) violates or attempts to violate any regulation adopted under this title; or (6) violates § 14-127 of the Real Property Article. (b) (1) Instead of or in addition to reprimanding a registrant or suspending or revoking a registration under this section, the Commission may impose a penalty not exceeding $25,000 for each violation. (2) To determine the amount of the penalty imposed, the Commission shall consider: (i) the seriousness of the violation; (ii) the harm caused by the violation; (iii) the good faith of the registrant; and (iv) any history of previous violations by the registrant. (3) The Commission shall pay any penalty collected under this subsection into the General Fund of the State. (c) The Commission shall consider the following facts in the granting, denial, renewal, suspension, or revocation of a registration or the reprimand of a registrant when an applicant or registrant is convicted of a felony or a misdemeanor described in subsection (a)(3) of this section: (1) the nature of the crime; (2) the relationship of the crime to the activities authorized by the registration; (3) with respect to a felony, the relevance of the conviction to the fitness and qualification of the applicant or registrant to provide appraisal management services; (4) the length of time since the conviction; and (5) the behavior and activities of the applicant or registrant before and after the conviction.
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