Shortly thereafter, the ACLB proposed a $445,000 civil penalty be levied against Market Intelligence for numerous counts of unlicensed appraisal activity.
Instead of being threatened by the ACLB's action, Market Intelligence filed suit against it, accusing the ACLB of flouting federal law.
At the time Market Intelligence filed its suit, thc ACLB and its managing agency, the Department of Consumer and Business Services were at sharp odds over management issues, a huge backlog of pending disciplinary cases and scrutiny from federal regulators.
After learning that neither the DCBS nor the Attorney General would support its position, the ACLB opted to settle the lawsuit with Market Intelligence in early 2001.
As to the issue between the ACLB and its oversight agency, the DCBS, a realignment did happen in June 2001, but no to the ACLB's detriment, as the DCBS proposal had suggested.
The ACLB filed one of the suits against Bomasada Investment Group II LLC of Houston, Texas, which the board found had used unlicensed contractors on The Enclave apartment complex in North Little Rock.
They were filed by the Arkansas Residential Building Contractors Committee, which is administered by the ACLB, and, as its name suggests, monitors residential contractor licensing.