{"data":{"id":"us-tx/tex.-business-commerce-code-103.002","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 103.002","heading":"CRIMINAL PENALTY.","body":"(a) A lender commits an offense if in connection with a mortgage loan transaction the lender pays or offers to pay a person, including an individual licensed or certified by the Texas Appraiser Licensing and Certification Board or the Texas Real Estate Commission, a fee or other consideration for appraisal services and the payment:\n(1) is contingent on a minimum, maximum, or pre-agreed estimate of value of property securing the loan; and\n(2) interferes with the person's ability or obligation to provide an independent and impartial opinion of the property's value.\n(b) An offense under this section is a Class A misdemeanor.\n(c) An instruction a lender gives to a real estate appraiser regarding a legal or other regulatory requirement for the appraisal of property, or any other communication between a lender or real estate appraiser necessary or appropriate under a law, regulation, or underwriting standard applicable to a real estate appraisal, does not constitute interference by a lender for purposes of Subsection (a)(2).\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 5. REGULATION OF BUSINESSES AND SERVICES","SUBTITLE C. BUSINESS OPERATIONS","CHAPTER 103. APPRAISALS IMPROPERLY INDUCED BY MORTGAGE LENDERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.103.htm#103.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"c832ad5e0131be401a9c9bebab921774d22946f60d3f93b8d970dd924ce7c9a7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-103.001","next":"us-tx/tex.-business-commerce-code-104.001"},"notice":"GroundRules: Original legal text. Not legal advice."}