DENIAL OF REGISTRATION OR RENEWAL

(a) The board may deny an application for registration or registration renewal: (1) if an applicant 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 an interest in the appraisal management company or any controlling person of the company has 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. (a-1) The board may deny an application for registration renewal if the applicant is in violation of a board order. (b) The board shall immediately provide written notice to the applicant of the board's denial of a registration or of a registration renewal under this chapter. (c) An appeal of the denial of a registration or of the renewal of a registration is governed by Chapter 2001, Government Code.