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When trying to create a validation rule for a Status I am receiving the above error message.

I wrote Error Condition Formula as follows:

AND(
TEXT( CG Status ) = "Banned",
ISBLANK(TEXT(Banned_Reason_CG))
)

When trying to create a validation rule for a Status I am receiving the above error message.

I wrote Error Condition Formula as follows:

AND(
TEXT( CG Status ) = "Banned",
ISBLANK(TEXT(Banned_Reason_CG))
)

i have created a salespath which is assigned to the -Master- Record Type
As does not have any Record Types of Opportunities