Section 36.341. Prohibited acts  


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  • (a) The Board may impose one or more sanctions authorized under the law if the Board finds that an appraisal management company, key person or compliance person violated the law or this chapter.

    (b) The following acts, errors or omissions constitute a violation of the standards of conduct of an appraisal management company:

    (1) Violation of a provision of the law or this subchapter.

    (2) Violation of FIRREA or TILA.

    (3) Violation of a statute or regulation of another jurisdiction regulating appraisal management companies.