Sec. 180.059. STANDARDS FOR LICENSE RENEWAL. A license to act as a residential mortgage loan originator may be renewed on or before its expiration date if the license holder:
(1) continues to meet the minimum requirements for license issuance;
(2) pays all required fees for the renewal of the license; and
(3) provides satisfactory evidence that the license holder has completed the continuing education requirements of Section 180.060.
Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 180 - Residential Mortgage Loan Originators
Subchapter B. Licensing and Registration Requirements
Section 180.051. State License Required; Renewal
Section 180.0511. Temporary Authority to Originate Loans
Section 180.052. Enrollment or Registration With Nationwide Mortgage Licensing System and Registry
Section 180.053. Application Form
Section 180.054. Criminal and Other Background Checks
Section 180.055. Issuance of License
Section 180.056. Prelicensing Educational Courses
Section 180.057. Testing Requirements
Section 180.058. Recovery Fund Fee or Surety Bond Requirement
Section 180.059. Standards for License Renewal
Section 180.060. Continuing Education Courses