What is the civil penalty the superintendent can impose for each day beyond the response date?

The superintendent has the authority to impose a civil penalty for each day that a respondent fails to comply with a response deadline. The correct civil penalty amount is set at $500 for each day beyond the specified response date. This amount serves as a significant deterrent to ensure timely responses and compliance with required regulations, highlighting the seriousness with which the enforcement of compliance matters is treated. Understanding this penalty structure is crucial for appraisers and other professionals, as it emphasizes the importance of adhering to established deadlines in order to avoid escalating financial repercussions.