Texas Statutes
Subtitle E - Other Financial Businesses
Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators

Subchapter A. General Provisions

Section 157.001. Short Title - Sec. 157.001. SHORT TITLE. This chapter may be cited as...

Section 157.002. Definitions - Sec. 157.002. DEFINITIONS. In this chapter: (1) "Commissioner" means the...

Subchapter B. Administrative Provisions

Section 157.0021. Disclosure Statement - Sec. 157.0021. DISCLOSURE STATEMENT. (a) A mortgage banker that is...

Section 157.0022. Complaints - Sec. 157.0022. COMPLAINTS. (a) If the Department of Savings and...

Section 157.0023. Rulemaking Authority - Sec. 157.0023. RULEMAKING AUTHORITY. (a) The Finance Commission of Texas...

Section 157.0024. Mortgage Industry Advisory Committee - Sec. 157.0024. MORTGAGE INDUSTRY ADVISORY COMMITTEE. The mortgage industry advisory...

Subchapter C. Registration of Mortgage Bankers

Section 157.003. Registration Required - Sec. 157.003. REGISTRATION REQUIRED. (a) A person must register under...

Section 157.004. Exemptions - Sec. 157.004. EXEMPTIONS. This chapter does not apply to: (1)...

Section 157.005. Update of Registration - Sec. 157.005. UPDATE OF REGISTRATION. A mortgage banker shall update...

Section 157.006. Registration and Administration Fee - Sec. 157.006. REGISTRATION AND ADMINISTRATION FEE. The commissioner may charge...

Section 157.0061. Renewal of Registration - Sec. 157.0061. RENEWAL OF REGISTRATION. (a) The registration of a...

Section 157.0062. Reinstatement After Expiration of Registration - Sec. 157.0062. REINSTATEMENT AFTER EXPIRATION OF REGISTRATION. (a) A mortgage...

Section 157.009. Termination of Registration - Sec. 157.009. TERMINATION OF REGISTRATION. (a) A mortgage banker may...

Section 157.010. Reregistration - Sec. 157.010. REREGISTRATION. (a) A mortgage banker whose registration is...

Subchapter D. Licensing of Residential Mortgage Loan Originators; Disclosures and Requirements

Section 157.012. License Required for Residential Mortgage Loan Originators - Sec. 157.012. LICENSE REQUIRED FOR RESIDENTIAL MORTGAGE LOAN ORIGINATORS. (a)...

Section 157.0121. Exemptions From Residential Mortgage Loan Originator Requirements - Sec. 157.0121. EXEMPTIONS FROM RESIDENTIAL MORTGAGE LOAN ORIGINATOR REQUIREMENTS. (a)...

Section 157.013. Application for License; Fees - Sec. 157.013. APPLICATION FOR LICENSE; FEES. (a) An application for...

Section 157.0131. Conviction of Offense - Sec. 157.0131. CONVICTION OF OFFENSE. A person is considered to...

Section 157.0132. Criminal and Other Background Checks - Sec. 157.0132. CRIMINAL AND OTHER BACKGROUND CHECKS. (a) On receipt...

Section 157.014. Issuance of Residential Mortgage Loan Originator License - Sec. 157.014. ISSUANCE OF RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE. (a)...

Section 157.0141. Conditional License - Sec. 157.0141. CONDITIONAL LICENSE. The commissioner may issue a conditional...

Section 157.015. Renewal of License - Sec. 157.015. RENEWAL OF LICENSE. (a) A residential mortgage loan...

Section 157.016. Reinstatement After Expiration of License; Notice - Sec. 157.016. REINSTATEMENT AFTER EXPIRATION OF LICENSE; NOTICE. (a) A...

Section 157.017. Denial of Applications and Renewals - Sec. 157.017. DENIAL OF APPLICATIONS AND RENEWALS. (a) If the...

Section 157.019. Modification of License; Change of Sponsorship - Sec. 157.019. MODIFICATION OF LICENSE; CHANGE OF SPONSORSHIP. (a) Before...

Section 157.020. Mortgage Call Report - Sec. 157.020. MORTGAGE CALL REPORT. (a) Each mortgage banker shall...

Section 157.0201. Recovery Fund - Sec. 157.0201. RECOVERY FUND. The recovery fund established, administered, and...

Section 157.02012. Standard Forms - Sec. 157.02012. STANDARD FORMS. (a) The finance commission by rule...

Section 157.02013. Secondary Market Transactions - Sec. 157.02013. SECONDARY MARKET TRANSACTIONS. This chapter does not prohibit...

Section 157.02014. Affiliated Business Arrangements - Sec. 157.02014. AFFILIATED BUSINESS ARRANGEMENTS. Unless prohibited by federal or...

Section 157.02015. Rulemaking Authority With Respect to Residential Mortgage Loan Originators - Sec. 157.02015. RULEMAKING AUTHORITY WITH RESPECT TO RESIDENTIAL MORTGAGE LOAN...

Section 157.02016. Administration of Subchapter - Sec. 157.02016. ADMINISTRATION OF SUBCHAPTER. The commissioner shall administer and...

Subchapter E. Enforcement

Section 157.021. Inspection; Investigations - Sec. 157.021. INSPECTION; INVESTIGATIONS. (a) The commissioner may conduct an...

Section 157.0211. Multi-State Examination Authority of Residential Mortgage Loan Servicer - Sec. 157.0211. MULTI-STATE EXAMINATION AUTHORITY OF RESIDENTIAL MORTGAGE LOAN SERVICER....

Section 157.022. Issuance and Enforcement of Subpoena - Sec. 157.022. ISSUANCE AND ENFORCEMENT OF SUBPOENA. (a) During an...

Section 157.023. Administrative Penalty - Sec. 157.023. ADMINISTRATIVE PENALTY. (a) The commissioner, after notice and...

Section 157.024. Disciplinary Action; Cease and Desist Order - Sec. 157.024. DISCIPLINARY ACTION; CEASE AND DESIST ORDER. (a) The...

Section 157.0241. Revocation or Suspension of License for Payment From Recovery Fund - Sec. 157.0241. REVOCATION OR SUSPENSION OF LICENSE FOR PAYMENT FROM...

Section 157.025. Restitution - Sec. 157.025. RESTITUTION. The commissioner may order a residential mortgage...

Section 157.026. Hearings and Judicial Review - Sec. 157.026. HEARINGS AND JUDICIAL REVIEW. (a) The commissioner may...

Section 157.027. Civil Actions and Injunctive Relief - Sec. 157.027. CIVIL ACTIONS AND INJUNCTIVE RELIEF. (a) A residential...

Section 157.028. Burden of Proof to Establish an Exemption - Sec. 157.028. BURDEN OF PROOF TO ESTABLISH AN EXEMPTION. The...

Section 157.029. Reliance on Written Notices From the Commissioner - Sec. 157.029. RELIANCE ON WRITTEN NOTICES FROM THE COMMISSIONER. A...

Section 157.030. Completion of Residential Mortgage Origination Services - Sec. 157.030. COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES. (a) On...

Section 157.031. Unlicensed Activity; Offense - Sec. 157.031. UNLICENSED ACTIVITY; OFFENSE. (a) An individual who is...

Section 157.032. Powers of Commissioner - Sec. 157.032. POWERS OF COMMISSIONER. (a) In addition to any...