Texas § BC.103.002 - CRIMINAL PENALTY
Full text of Texas The Texas Constitution § BC.103.002 — CRIMINAL PENALTY, with citation guidance and answers to common questions.
§ BC.103.002. CRIMINAL PENALTY
CRIMINAL PENALTY. (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: (1) is contingent on a minimum, maximum, or pre-agreed estimate of value of property securing the loan; and (2) interferes with the person's ability or obligation to provide an independent and impartial opinion of the property's value. (b) An offense under this section is a Class A misdemeanor. (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). Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.
Frequently Asked Questions About Texas § BC.103.002
What does The Texas Constitution § BC.103.002 cover?
Section BC.103.002 ("CRIMINAL PENALTY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BC.103.002?
A common citation format is "The Texas Constitution § BC.103.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.103.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.