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Subchapter A. General Provisions
Section 156.001. Short Title - Sec. 156.001. SHORT TITLE. This chapter may be cited as...
Section 156.002. Definitions - Sec. 156.002. DEFINITIONS. In this chapter: (1) "Auxiliary mortgage loan...
Section 156.003. Secondary Market Transactions - Sec. 156.003. SECONDARY MARKET TRANSACTIONS. This chapter does not prohibit...
Section 156.004. Disclosure to Applicant - Sec. 156.004. DISCLOSURE TO APPLICANT. (a) At the time an...
Section 156.005. Affiliated Business Arrangements - Sec. 156.005. AFFILIATED BUSINESS ARRANGEMENTS. Unless prohibited by federal or...
Subchapter B. Administration Provisions
Section 156.101. Administration and Enforcement of Chapter; Participation in Nationwide Registry - Sec. 156.101. ADMINISTRATION AND ENFORCEMENT OF CHAPTER; PARTICIPATION IN NATIONWIDE...
Section 156.102. Rulemaking Authority - Sec. 156.102. RULEMAKING AUTHORITY. (a) The finance commission may adopt...
Section 156.103. Powers of Commissioner - Sec. 156.103. POWERS OF COMMISSIONER. (a) In addition to any...
Section 156.104. Mortgage Industry Advisory Committee - Sec. 156.104. MORTGAGE INDUSTRY ADVISORY COMMITTEE. (a) The mortgage industry...
Section 156.105. Standard Forms - Sec. 156.105. STANDARD FORMS. (a) The finance commission by rule...
Subchapter C. Residential Mortgage Loan Company Licenses and Registration
Section 156.201. Licenses Required - Sec. 156.201. LICENSES REQUIRED. (a) A person may not act...
Section 156.2012. Registered Financial Services Company - Sec. 156.2012. REGISTERED FINANCIAL SERVICES COMPANY. (a) A financial services...
Section 156.202. Exemptions - Sec. 156.202. EXEMPTIONS. (a) In this section, "depository institution," "dwelling,"...
Section 156.203. Application; Fees - Sec. 156.203. APPLICATION; FEES. (a) For purposes of this section,...
Section 156.2041. Qualifications and Requirements for License: Mortgage Company - Text of section as amended by Acts 2021, 87th Leg.,...
Section 156.2042. Qualifications and Requirements for License: Credit Union Subsidiary Organization - Text of section as amended by Acts 2021, 87th Leg.,...
Section 156.2043. Qualifications and Requirements for License: Auxiliary Mortgage Loan Activity Company - Sec. 156.2043. QUALIFICATIONS AND REQUIREMENTS FOR LICENSE: AUXILIARY MORTGAGE LOAN...
Section 156.2044. Qualifications and Requirements for License: Independent Contractor Loan Processor or Underwriter Company - Sec. 156.2044. QUALIFICATIONS AND REQUIREMENTS FOR LICENSE: INDEPENDENT CONTRACTOR LOAN...
Section 156.2046. Conviction of Offense - Sec. 156.2046. CONVICTION OF OFFENSE. A person is considered to...
Section 156.206. Criminal and Other Background Checks - Sec. 156.206. CRIMINAL AND OTHER BACKGROUND CHECKS. (a) Repealed by...
Section 156.207. Issuance of License - Sec. 156.207. ISSUANCE OF LICENSE. (a) The commissioner shall issue...
Section 156.208. Renewals - Sec. 156.208. RENEWALS. (a-1) A residential mortgage loan company license...
Section 156.2081. Reinstatement After Expiration - Sec. 156.2081. REINSTATEMENT AFTER EXPIRATION. (a) A person whose license...
Section 156.209. Denial of Applications and Renewals - Sec. 156.209. DENIAL OF APPLICATIONS AND RENEWALS. (a) If the...
Section 156.210. Conditional License - Sec. 156.210. CONDITIONAL LICENSE. The commissioner may issue a conditional...
Section 156.211. Change of Address or Sponsorship; Modification of License - Sec. 156.211. CHANGE OF ADDRESS OR SPONSORSHIP; MODIFICATION OF LICENSE....
Section 156.212. Maintenance and Location of Offices - Sec. 156.212. MAINTENANCE AND LOCATION OF OFFICES. If a residential...
Section 156.213. Mortgage Call Report - Sec. 156.213. MORTGAGE CALL REPORT. (a) Each licensed residential mortgage...
Subchapter D. License Revocation and Suspension and Other Actions Against License Holder
Section 156.301. Inspections; Investigations - Sec. 156.301. INSPECTIONS; INVESTIGATIONS. (a) The commissioner may conduct inspections...
Section 156.3011. Issuance and Enforcement of Subpoena - Sec. 156.3011. ISSUANCE AND ENFORCEMENT OF SUBPOENA. (a) During an...
Section 156.302. Administrative Penalty - Sec. 156.302. ADMINISTRATIVE PENALTY. (a) The commissioner, after notice and...
Section 156.303. Disciplinary Action; Cease and Desist Order - Sec. 156.303. DISCIPLINARY ACTION; CEASE AND DESIST ORDER. (a) The...
Section 156.304. Fee Assessment and Disclosure - Sec. 156.304. FEE ASSESSMENT AND DISCLOSURE. (a) Before the completion...
Section 156.305. Restitution - Sec. 156.305. RESTITUTION. The commissioner may order a person to...
Subchapter E. Hearings; Judicial Review; Civil Actions; Unlicensed Activity
Section 156.401. Hearings and Judicial Review - Sec. 156.401. HEARINGS AND JUDICIAL REVIEW. (a) The commissioner may...
Section 156.402. Civil Actions and Injunctive Relief - Sec. 156.402. CIVIL ACTIONS AND INJUNCTIVE RELIEF. (a) A mortgage...
Section 156.403. Burden of Proof to Establish an Exemption - Sec. 156.403. BURDEN OF PROOF TO ESTABLISH AN EXEMPTION. The...
Section 156.404. Reliance on Written Notices From Commissioner - Sec. 156.404. RELIANCE ON WRITTEN NOTICES FROM COMMISSIONER. A person...
Section 156.406. Unlicensed Activity - Sec. 156.406. UNLICENSED ACTIVITY. (a) A person, unless otherwise exempt,...
Subchapter F. Recovery Fund
Section 156.501. Recovery Fund - Sec. 156.501. RECOVERY FUND. (a) The commissioner shall establish, administer,...
Section 156.502. Funding - Text of section as amended by Acts 2021, 87th Leg.,...
Section 156.503. Statute of Limitations - Sec. 156.503. STATUTE OF LIMITATIONS. (a) An application for the...
Section 156.504. Procedure for Recovery - Sec. 156.504. PROCEDURE FOR RECOVERY. (a) To recover from the...
Section 156.505. Recovery Limits - Sec. 156.505. RECOVERY LIMITS. (a) A person entitled to receive...
Section 156.506. Revocation or Suspension of License for Payment From Recovery Fund - Sec. 156.506. REVOCATION OR SUSPENSION OF LICENSE FOR PAYMENT FROM...
Section 156.507. Subrogation - Sec. 156.507. SUBROGATION. When the commissioner has paid an applicant...
Section 156.508. Failure to Comply With Subchapter or Rule Adopted by the Finance Commission - Sec. 156.508. FAILURE TO COMPLY WITH SUBCHAPTER OR RULE ADOPTED...
Subchapter G. Mortgage Grant Fund
Section 156.551. Mortgage Grant Fund - Sec. 156.551. MORTGAGE GRANT FUND. (a) The commissioner shall establish,...
Section 156.552. Funding - Sec. 156.552. FUNDING. The mortgage grant fund consists of: (1)...
Section 156.553. Management of Fund - Sec. 156.553. MANAGEMENT OF FUND. (a) The commissioner, as manager...
Section 156.554. Disbursement From Fund - Sec. 156.554. DISBURSEMENT FROM FUND. (a) The commissioner shall approve...
Section 156.555. Payment of Claims for Fraudulent Unlicensed Activity - Sec. 156.555. PAYMENT OF CLAIMS FOR FRAUDULENT UNLICENSED ACTIVITY. (a)...
Section 156.556. Rules - Sec. 156.556. RULES. The finance commission shall adopt rules to...