Sec. 1104.105. DENIAL OF REGISTRATION. (a) The board may deny a registration:
(1) to an applicant who 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 more than 10 percent of the appraisal management company or any controlling person of the company has, within the 24 months preceding the date of the application, 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.
(b) The board shall immediately provide written notice to the applicant of the board's denial of a registration under this chapter.
(c) An appeal of the denial 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.
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