Sec. 1104.105. DENIAL OF REGISTRATION OR RENEWAL. (a) The board may deny an application for registration or registration renewal:
(1) if an applicant fails to satisfy a requirement of this chapter; or
(2) on a determination by the board that:
(A) there is reasonable evidence that any person who owns an interest in the appraisal management company or any controlling person of the company has had a license or certification as an appraiser or a registration as an appraisal management company suspended, revoked, or put on probation in any state;
(B) the applicant has, while registered under this chapter, demonstrated incompetency, untrustworthiness, or conduct or practices that render the registrant unfit to perform appraisal management services; or
(C) the applicant no longer performs appraisal management services in good faith and is a source of detriment, injury, or loss to the public.
(a-1) The board may deny an application for registration renewal if the applicant is in violation of a board order.
(b) The board shall immediately provide written notice to the applicant of the board's denial of a registration or of a registration renewal under this chapter.
(c) An appeal of the denial of a registration or of the renewal of a registration is governed by Chapter 2001, Government Code.
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. 7, eff. September 1, 2017.
Acts 2019, 86th Leg., R.S., Ch. 334 (S.B. 624), Sec. 35, 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