The board may censure, conditionally or unconditionally suspend registration, revoke registration, levy fines, or impose civil penalties not exceeding twenty-five thousand dollars ($25,000) against any appraisal management company that the board determines is attempting to or has performed any of the following:

1. (1) An act in violation of this article.
2. (2) A violation of any rule adopted by the board in the interest of the public and consistent with this article.
3. (3) The procurement of registration through fraud, misrepresentation, or deceit.

(Act 2011-701, p. 2161, §3.)