SB 1671 Summary

• Amends 59 O.S. 2011, Section 858-827 regarding penalties for violations by the Oklahoma Real Estate Appraiser Board.

• Clarifies that the Board may impose an administrative fine not exceeding $5,000 per violation of the Oklahoma Appraisal Management Company Regulation Act.

• Specifies three categories of violations subject to penalties: violations of the Act itself, violations of Board rules, or procuring registration through fraud, misrepresentation, or deceit.

• Modifies language to specify acts "regulated by law or rule" rather than previous phrasing for regulatory clarity.