1. (a) An appraisal management company may not make an assignment to an appraiser who is not a member of the AMC's panel at the time of the assignment unless the appraiser is employed by the AMC on an employer-employee basis.

2. (b) To add an appraiser to a panel, the AMC shall:

   1. (1) initiate the appropriate two-party transaction, if available, through the Texas Appraiser Licensing and Certification Board's online license management system, including payment of any required fee(s); or
   2. (2) submit a notice on a form approved by the Board for this purpose, including the signatures of the appraiser and the AMC's primary contact, and the appropriate fee(s).

3. (c) Either the appraiser or the AMC may terminate an appraiser's membership on a panel by:

   1. (1) submitting a termination notice electronically, if available, through the Texas Appraiser Licensing and Certification Board's online license management system, including payment of any required fee; or
   2. (2) submitting a notice on a form approved by the Board for this purpose and the appropriate fee(s).
4. (d) If an appraiser terminates his or her membership on a panel, he or she shall immediately notify the AMC of the termination. If an AMC terminates an appraiser's membership on a panel, it shall immediately notify the appraiser of the termination.
5. (e) If an appraiser's license or certification expires or is revoked, the Board shall remove the appraiser from any panels on which he or she is listed with no fee charged to the AMC or to the appraiser.

Source Note:The provisions of this §159.161 adopted to be effective November 3, 2011, 36 TexReg 7320; amended to be effective June 10, 2012, 37 TexReg 4224.