Sec. 1104.2081. AGREED ORDER. (a) The board may negotiate a settlement and enter into an agreed order with an appraisal management company or other person who is the subject of a complaint under this subchapter.
(b) An agreed order must be:
(1) approved by the board; and
(2) signed by the commissioner and the appraisal management company or other person who is the subject of the complaint.
(c) A board member who participates in negotiating an agreed order under this section is disqualified from participating in the adjudication of a contested case that results from the negotiation.
(d) An appraisal management company or other person who consents to negotiate under this section waives the right to notice and the opportunity to be heard under Chapter 2001, Government Code, during the negotiation.
(e) An appraisal management company or other person who enters into an agreed order under this section may be disciplined for failure to comply with the agreed order.
Added by Acts 2017, 85th Leg., R.S., Ch. 107 (S.B. 1516), Sec. 18, eff. September 1, 2017.
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 E. Disciplinary Actions and Procedures and Administrative Penalties
Section 1104.201. Disciplinary Powers of Board
Section 1104.202. Administrative Penalty
Section 1104.203. Prohibited Practices
Section 1104.205. Review and Investigation
Section 1104.206. General Subpoena Authority
Section 1104.207. Report of Investigation Required
Section 1104.208. Action Based on Report
Section 1104.2081. Agreed Order
Section 1104.2082. Confidentiality of Investigation Material
Section 1104.209. Notice of Violation and Penalty
Section 1104.210. Penalty to Be Paid
Section 1104.211. Temporary Suspension
Section 1104.212. Notice of Hearing
Section 1104.2121. Attorney General Representation
Section 1104.2122. Immunity of Witnesses
Section 1104.213. Applicability of Administrative Procedure Law
Section 1104.2131. Record of Proceedings
Section 1104.2132. Failure to Appear; Costs
Section 1104.214. Action After Hearing
Section 1104.215. Decision by Board