Tex. Occupations Code § 1103.405
This is the official text of Tex. Occupations Code § 1103.405, part of Texas’s Occupations Code — governs professional and occupational licensing.
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§ 1103.405. PROFESSIONAL STANDARDS.
Official statutory text
(a) Except as provided by Subsection (b), a person who holds a certificate, license, or registration issued under this chapter shall comply with:
(1) the most current edition of the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation; or
(2) other standards provided by board rule that are at least as stringent as the Uniform Standards of Professional Appraisal Practice.
(b) A certified or licensed appraiser is not required to comply with the standards described by Subsection (a) to provide:
(1) an evaluation of real property described by Section 1103.004(4); or
(2) an analysis, assessment, opinion, conclusion, notation, or compilation of data concerning the value of an interest in real property described by Section 1103.004(5) for use by a non-bank financial institution.
(c) A document provided under Section 1103.004(4) or (5) must contain on the first page of the document the following notice: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."
(1) the most current edition of the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation; or
(2) other standards provided by board rule that are at least as stringent as the Uniform Standards of Professional Appraisal Practice.
(b) A certified or licensed appraiser is not required to comply with the standards described by Subsection (a) to provide:
(1) an evaluation of real property described by Section 1103.004(4); or
(2) an analysis, assessment, opinion, conclusion, notation, or compilation of data concerning the value of an interest in real property described by Section 1103.004(5) for use by a non-bank financial institution.
(c) A document provided under Section 1103.004(4) or (5) must contain on the first page of the document the following notice: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."
Status: in_force · Read it on the official government site
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