Sec. 157.02013. SECONDARY MARKET TRANSACTIONS. This chapter does not prohibit a residential mortgage loan originator sponsored by and conducting business for a registered mortgage banker under this chapter from receiving compensation from a party other than the mortgage applicant for the sale, transfer, assignment, or release of rights on the closing of a mortgage transaction.
Added by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 70, 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