[Until January 1, 2008, this section reads as follows:]

1. (A) Investigations must be conducted in accordance with Section 40-1-80.
2. (B) A restraining order must be obtained in accordance with Section 40-1-100.

3. (C)

   1. (1) If the department has reason to believe that a violation of this chapter has occurred, an investigation must be initiated within thirty days.
   2. (2) A hearing on the charges must be at the time and place designated by the board and must be conducted in accordance with the Administrative Procedures Act.
   3. (3) The board shall render a decision and shall serve notice, in writing within thirty days, of the board's decision to the applicant or appraiser charged. The board also shall state in the notice the date the ruling or decision becomes effective.
   4. (4) The department shall maintain a public docket or other permanent record in which all orders, consent orders, or stipulated settlements must be recorded.
4. (D) An appraiser's license may voluntarily be surrendered in accordance with Section 40-1-150.

5. (E)

   1. (1) The board may impose disciplinary action in accordance with Section 40-1-120.
   2. (2) Upon determination by the board that one or more of the grounds for discipline exists, as provided for in Section 40-1-110 or Section 40-60-140, the board may also impose a fine of not less than one hundred dollars or more than one thousand dollars for each violation.
   3. (3) Nothing in this section prevents a licensee from voluntarily entering into a consent order with the board wherein violations are not contested and sanctions are accepted.
6. (F) If a complaint filed with the board involves an appraisal report which varies from a sales, lease, or exchange price, the board may decline to conduct an investigation.
7. (G) The board is prohibited from conducting an investigation based solely on a dispute over the value of property for ad valorem tax purposes.
8. (H) No stay or supersedeas may be granted for more than six months pending appeal from a decision by the board to revoke, suspend, or otherwise restrict a permit, license, or certification.

9. (I) A person aggrieved by a final action of the board may seek review of the decision in accordance with Section 40-1-160.

   [From and after January 1, 2008, this section is named "Voluntary surrender of license" and reads as follows:]

   A licensee under investigation for a violation of this chapter or a regulation promulgated under this chapter may voluntarily surrender the license to practice in accordance with and subject to the provisions of Section 40-1-150. A person whose license is voluntarily surrendered may not practice or represent himself or herself to be authorized to practice until the board takes final action in the pending disciplinary matter. The voluntary surrender of a license is subject to public disclosure in accordance with Chapter 4 of Title 30. The time that an authorization has been surrendered may be credited, in the board's discretion, toward any period of suspension or other restriction of practice.