1. (a) For the purpose of certifying to the Board that an applicant has reviewed the owners of the entity as required by the AMC Act and that no such owner has had a license to act as an appraiser denied, revoked, or surrendered in lieu of revocation unless the license was subsequently granted or reinstated, the applicant may rely on the Appraisal Subcommittee's online National Registry database.
2. (b) If an owner of the applicant has had a license to act as an appraiser denied, revoked, or surrendered, the Board may require the applicant to demonstrate that the owner's license was denied, revoked, or surrendered for a nonsubstantive reason as determined by the Board.

3. (c) For purposes of this Chapter, a nonsubstantive reason may include, but is not limited to:

   1. (1) mistake; or
   2. (2) failure to comply with technical requirements for renewal.

Source Note:The provisions of this §159.102 adopted to be effective November 3, 2011, 36 TexReg 7320; amended to be effective December 14, 2014, 39 TexReg 9668; amended to be effective December 10, 2017, 42 TexReg 6926.