Sec. 1104.104. DESIGNATION OF PRIMARY CONTACT. (a) An appraisal management company applying for registration under this chapter shall designate one controlling person as the primary contact for all communication between the board and the company.
(b) The controlling person designated under Subsection (a):
(1) must:
(A) be certified as an appraiser in at least one state at all times during the designation; or
(B) have completed:
(i) the 15-hour national Uniform Standards of Professional Appraisal Practice course; and
(ii) the seven-hour national Uniform Standards of Professional Appraisal Practice update course not more than two years before the renewal of the appraisal management company's registration;
(2) may not have had a license or certificate to act as an appraiser denied, revoked, or surrendered in lieu of revocation in any state unless:
(A) the person has subsequently had the license or certificate to act as an appraiser granted or reinstated; and
(B) the license or certificate to act as an appraiser was denied, revoked, or surrendered for a nonsubstantive reason as determined by the board; and
(3) shall submit to a background investigation, as determined by the board.
Added by Acts 2011, 82nd Leg., R.S., Ch. 256 (H.B. 1146), Sec. 2, eff. September 1, 2011.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 107 (S.B. 1516), Sec. 6, eff. September 1, 2017.
Acts 2019, 86th Leg., R.S., Ch. 334 (S.B. 624), Sec. 34, eff. September 1, 2019.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1104 - Appraisal Management Companies
Subchapter C. Registration Requirements
Section 1104.101. Registration Required
Section 1104.102. Eligibility for Registration; Ownership
Section 1104.103. Application for Registration or Renewal
Section 1104.104. Designation of Primary Contact
Section 1104.105. Denial of Registration or Renewal
Section 1104.106. Issuance and Publication of Registration Number