22 Tex. Admin. Code § 159.110 - AMC National Registry
(a) For purposes of
this rule, the term "AMC" includes each AMC registered with the Board under
Chapter 1104, Occupations Code, including AMCs with an active or inactive
license status, and each federally regulated AMC operating in this
state.
(b) An AMC must provide
information to the Board and pay the required AMC Registry Fee on an annual
basis.
(c) The Board will send
notice to each AMC regarding payment of AMC Registry Fees on or before November
1st of each calendar year.
(d) On
or after January 1st and before March 31st of the calendar year following the
issuance of notice under subsection (c), each AMC must:
(1) Submit the information required to
determine the applicable AMC Registry Fee; and
(2) Pay the applicable AMC Registry
Fee.
(e) The Board will
transmit the information collected from each AMC to the Appraisal Subcommittee
for inclusion on the AMC National Registry as required by federal
law.
(f) Failure to receive notice
from the Board regarding annual payment of AMC Registry Fees does not relieve
an AMC from submitting the required information and paying the applicable AMC
Registry Fee in a timely manner as required in this section.
(g) Failure to submit the required
information and pay the applicable AMC Registry Fee in a timely manner as
required in this section is a violation of this rule that may result in one or
more of the following:
(1) Assessment of a
late fee;
(2) Placement on inactive
status; and
(3) Disciplinary
action, up to and including license revocation.
Notes
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