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Senate Bill 1516 |
Senate Author: Hancock |
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Effective: 9-1-17 |
House Sponsor: Geren |
Senate Bill 1516 amends the Occupations Code to revise and update provisions of the Texas Appraisal Management Company Registration and Regulation Act, including provisions relating to the powers and duties of the Texas Appraiser Licensing and Certification Board, registration requirements, the practice by an appraisal management company, and disciplinary actions and administrative procedures. The bill sets out provisions providing for the authority of the board to 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 the act, the confidentiality of certain investigation information or material, and certain other provisions applicable to a contested case hearing under the act.