Sec. 180.061. RULEMAKING AUTHORITY. A rulemaking authority may adopt rules establishing requirements as necessary for:
(1) conducting background checks by obtaining:
(A) criminal history information through fingerprint or other databases;
(B) civil administrative records;
(C) credit history information; or
(D) any other information considered necessary by the Nationwide Mortgage Licensing System and Registry;
(2) payment of fees to apply for or renew licenses through the Nationwide Mortgage Licensing System and Registry;
(3) setting or resetting, as necessary, license renewal dates or reporting periods;
(4) amending or surrendering a license or any other activity a regulatory official considers necessary for participation in the Nationwide Mortgage Licensing System and Registry; and
(5) investigation and examination authority for purposes of investigating a violation or complaint arising under this chapter or for purposes of examining, reviewing, or investigating any license holder or individual subject to this chapter.
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