The Texas Appraiser Licensing and Certification Board (TALCB) proposes amendments to 22 TAC §159.109, concerning Inactive Status. The amendments are proposed to provide a procedure for a registered Appraisal Management Company to elect to be placed on inactive status.

Kerri Lewis, General Counsel, has determined that for the first five-year period the proposed amendments are in effect, there will be no fiscal implications for the state or for units of local government as a result of enforcing or administering the amended section. There is no anticipated significant impact on small businesses, micro-businesses or local or state employment as a result of implementing the amended section. There is no significant anticipated economic cost to persons who are required to comply with the proposed amendments.

Ms. Lewis has also determined that for each year of the first five years the amendments as proposed are in effect the public benefit anticipated as a result of enforcing the amended section will be to have a clear process in place when an Appraiser Management Company wants to become inactive.

Comments on the proposal may be submitted to Kerri Lewis, General Counsel, Texas Appraiser Licensing and Certification Board, P.O. Box 12188, Austin, Texas 78711-2188 or to general.counsel@talcb.texas.gov. The deadline for comments is 30 days after publication in the Texas Register.

The amendments are proposed under Texas Occupations Code, §1104.051, which authorizes TALCB to adopt rules necessary to establish and enforce standards related to appraisal management services.

The statute affected by these amendments is Texas Occupations Code, Chapter 1104. No other statute, code or article is affected by the proposed amendment.