Section 13.06 - Duties and Authority of the Board(1) In addition to the powers necessary to implement and enforce these regulations, the Board shall have the authority to:(a) Discipline, suspend, terminate or deny renewal of the registration of an appraisal management company that violates applicable appraisal-related laws, regulations or orders;(b) Report an appraisal management company's violation of applicable appraisal-related laws, regulations or orders, as well as disciplinary and enforcement actions and other relevant information about the operations of an appraisal management company, to the Appraisal Subcommittee;(c) Submit to the Appraisal Subcommittee, in writing, the following information:1. Information regarding registered appraisal management companies requested by the Appraisal Subcommittee for inclusion in the national AMC registry;2. Information received from an AMC that operates as a subsidiary of a federally regulated financial institution related to determination of that AMC's annual national AMC registry fee;3. As soon as practicable, notice that an AMC is no longer registered with the Commonwealth;4. Timely reports of supervisory activities involving AMCs, including investigations resulting in disciplinary action against an AMC;5. Within five business days after it becomes final, disciplinary action taken against an AMC; and6. Remit the annual national AMC registry fee received from each appraisal management company and each AMC that operates as a subsidiary of a federally regulated financial institution.(2) Nothing in 264 CMR 13.00 shall diminish the authority of the Board to regulate natural persons licensed as appraisers under M.G.L. c. 112, §§ 173 through 195 and 264 CMR 1.00 through 12.00.Adopted by Mass Register Issue 1510, eff. 12/8/2023.