(a)AMC--Appraisal management company.
(b)AMC Act--Chapter 1104, Texas Occupations Code,
Texas Appraisal Management Company Registration and Regulation Act.
(c)Administrative law judge--A judge employed by the
State Office of Administrative Hearings (SOAH).
(d)Advertising--A written or oral statement or communication
by or on behalf of an AMC that induces or attempts to induce a member
of the public to use the services of the AMC, including but not limited
to all publications, radio or television broadcasts, all electronic
media including email, text messages, social networking websites,
and the Internet, business stationery, business cards, signs and billboards.
(e)Applicant--A person seeking to become registered
under the AMC Act. This term also includes a person seeking to
renew a registration under the AMC Act.
(f)Appraisal firm--An entity that employs appraisers
on an exclusive basis and receives compensation for performing appraisals
and issuing appraisal reports in its own name.
(g)Appraiser contact--A person designated by an AMC
pursuant to §1104.103(b)(6) of the AMC Act to respond to and
communicate with appraisers on the AMC's appraisal panel regarding
appraisal assignments.
(h)Board--The Texas Appraiser Licensing and Certification
Board.
(i)Commissioner--The Commissioner of the Board.
(j)Day--A calendar day unless clearly indicated otherwise.
(k)Federally Regulated Appraisal
Management Company--an appraisal management company as defined in
section 1104.003(b) of the AMC Act.
(l)[(k)] License--The whole
or a part of any Board permit, certificate, approval, registration
or similar form of permission required by Chapter 1103 or 1104, Texas
Occupations Code.
(m)[(l)] License holder--A person
licensed or registered by the Board under the AMC Act.
(n)[(m)] Party--The Board and
each person named or admitted as a party.
(o)[(n)] Person--Any individual,
partnership, corporation, or legal entity.
(p)[(o)] Primary contact--A
person who meets the definition of "controlling person" in §1104.003
of the AMC Act and is designated by an AMC pursuant to §1104.104
of the AMC Act as the primary contact for all communication between
the Board and the AMC .
(q)[(p)] Respondent--Any person
subject to the jurisdiction of the Board, registered or unregistered,
against whom any complaint has been made.
(r)[(q)] SOAH--State Office
of Administrative Hearings.
(s)[(r)] USPAP--Uniform Standards
of Professional Appraisal Practice.
The agency certifies that legal counsel has reviewed
the proposal and found it to be within the state agency's legal authority
to adopt.
Filed with
the Office
of the Secretary of State on August 16, 2017
TRD-201703170 Kristen Worman
General Counsel
Texas Appraiser Licensing and Certification Board
Earliest possible date of adoption: October 1, 2017
For further information, please call: (512) 936-3652
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