Sec. 157.020. MORTGAGE CALL REPORT. (a) Each mortgage banker shall file a mortgage call report with the commissioner or the commissioner's authorized designee on a form prescribed by the commissioner or authorized designee. The report must be filed as frequently as required by the Nationwide Mortgage Licensing System and Registry. The report is a statement of condition of the mortgage banker and the mortgage banker's operations, including financial statements and production activity volumes, and any other similar information required by the Nationwide Mortgage Licensing System and Registry.
(a-1) A licensed residential mortgage loan originator, as required by the commissioner, shall file a mortgage call report with the commissioner or the commissioner's authorized designee on a form prescribed by the commissioner or authorized designee. The report:
(1) is a statement of condition of the residential mortgage loan originator;
(2) must include any information required by the commissioner; and
(3) must be filed as frequently as required by the commissioner.
(b) The information contained in the mortgage call report related to residential mortgage loan origination volume or other trade information is confidential and may not be disclosed by the commissioner, the commissioner's authorized designee, or any other employee of the Department of Savings and Mortgage Lending.
Added by Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 8, eff. April 1, 2010.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 55, eff. September 1, 2011.
Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 69, eff. September 1, 2013.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators
Subchapter D. Licensing of Residential Mortgage Loan Originators; Disclosures and Requirements
Section 157.012. License Required for Residential Mortgage Loan Originators
Section 157.0121. Exemptions From Residential Mortgage Loan Originator Requirements
Section 157.013. Application for License; Fees
Section 157.0131. Conviction of Offense
Section 157.0132. Criminal and Other Background Checks
Section 157.014. Issuance of Residential Mortgage Loan Originator License
Section 157.0141. Conditional License
Section 157.015. Renewal of License
Section 157.016. Reinstatement After Expiration of License; Notice
Section 157.017. Denial of Applications and Renewals
Section 157.019. Modification of License; Change of Sponsorship
Section 157.020. Mortgage Call Report
Section 157.0201. Recovery Fund
Section 157.02012. Standard Forms
Section 157.02013. Secondary Market Transactions
Section 157.02014. Affiliated Business Arrangements
Section 157.02015. Rulemaking Authority With Respect to Residential Mortgage Loan Originators