[§514B-61]  General powers and duties of
commission.  (a)  The commission may:



(1)  Adopt, amend, and repeal rules pursuant to
chapter 91;



(2)  Assess fees;



(3)  Conduct investigations, issue cease and desist
orders, and bring an action in any court of competent jurisdiction to enjoin
persons, consistent with and in furtherance of the objectives of this chapter;



(4)  Prescribe forms and procedures for submitting
information to the commission; and



(5)  Prescribe the form and content of any documents
required to be submitted to the commission by this chapter.



(b)  If it appears that any person has engaged,
is engaging, or is about to engage in any act or practice in violation of this
part, part V, section 514B‑103, 514B‑132, 514B‑134, 514B‑149,
sections 514B‑152 to 514B‑154, or any of the commission's related
rules or orders, the commission, without prior administrative proceedings, may
maintain an action in the appropriate court to enjoin that act or practice or
for other appropriate relief.  The commission shall not be required to post a
bond or to prove that no adequate remedy at law exists in order to maintain the
action.



(c)  The commission may exercise its powers in
any action involving the powers or responsibilities of a developer under this
part, part V, section 514B‑103, 514B‑132, 514B‑134, 514B‑149,
or sections 514B‑152 to 514B‑154.



(d)  The commission may accept grants-in-aid
from any governmental source and may contract with agencies charged with
similar functions in this or other jurisdictions, in furtherance of the
objectives of this chapter.



(e)  The commission may cooperate with agencies
performing similar functions in this and other jurisdictions to develop uniform
filing procedures and forms, uniform disclosure standards, and uniform administrative
practices, and may develop information that may be useful in the discharge of
the commission's duties.



(f)  In issuing any cease and desist order or
order rejecting or revoking the registration of a condominium project, the
commission shall state the basis for the adverse determination and the
underlying facts.



(g)  The commission, by rule, may require
bonding at appropriate levels over time, escrow of portions of sales proceeds,
or other safeguards to assure completion of all improvements that a developer
is obligated to complete, or has represented that it will complete. [L 2005, c
93, pt of §3]