reglab/housing_qa huggingface dataset:
TX Fin Code § 156.2044 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.2044. Qualifications and Requirements for License: Independent Contractor Loan Processor or Underwriter Company

Sec. 156.2044.  QUALIFICATIONS AND REQUIREMENTS FOR LICENSE:  INDEPENDENT CONTRACTOR LOAN PROCESSOR OR UNDERWRITER COMPANY.  (a)  To be issued an independent contractor loan processor or underwriter company license under this chapter, an applicant must:(1)  submit a completed application together with the payment of applicable fees through the Nationwide Mortgage Licensing System and Registry;(2)  designate control persons for the company through the Nationwide Mortgage Licensing System and Registry;(3)  designate an individual licensed as a residential mortgage loan originator under Chapter 157 as the company's qualifying individual; and(4)  not be in violation of this chapter, a rule adopted under this chapter, or any order previously issued by the commissioner to the applicant.(b)  An independent contractor loan processor or underwriter company or a sponsored residential mortgage loan originator is not authorized to originate residential mortgage loans with a license issued under Subsection (a).(c)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.|Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 16, eff. September 1, 2011.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 23, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 24, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(5), eff. September 1, 2013.|
TX Fin Code § 156.2046 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.2046. Conviction of Offense

Sec. 156.2046.  CONVICTION OF OFFENSE.  A person is considered to have been convicted of a criminal offense if:(1)  a sentence is imposed on the person;(2)  the person received probation or community supervision, including deferred adjudication or community service; or(3)  the court deferred final disposition of the person's case.|Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 16, eff. September 1, 2011.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 25, eff. September 1, 2013.|
TX Fin Code § 156.206 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.206. Criminal and Other Background Checks

Sec. 156.206.  CRIMINAL AND OTHER BACKGROUND CHECKS.  (a)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.(b)  The commissioner shall conduct criminal background and credit history checks on a person required to be licensed under this chapter.(c)  The commissioner shall keep confidential any background information obtained under this section and may not release or disclose the information unless:(1)  the information is a public record at the time the commissioner obtains the information; or(2)  the commissioner releases the information:(A)  under order from a court; or(B)   to a governmental agency.(d)  Notwithstanding Subsection (c), criminal history record information obtained from the Federal Bureau of Investigation may be released or disclosed only to a governmental entity or as authorized by federal statute, federal rule, or federal executive order.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 337, Sec. 5, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 407, Sec. 2, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 867, Sec. 88, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 173, Sec. 1, 2, eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 296, Sec. 11, 12, eff. Sept. 1, 2003.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 18, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 19, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 26, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(5), eff. September 1, 2013.|
TX Fin Code § 156.207 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.207. Issuance of License

Sec. 156.207.  ISSUANCE OF LICENSE.  (a)  The commissioner shall issue a license to an applicant for a residential mortgage loan company license if the commissioner finds that the applicant meets all requirements and conditions for the license.(b)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.(c)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.(d)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 337, Sec. 6, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 867, Sec. 89, eff. Sept. 1, 2001.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 21, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 27, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(5), eff. September 1, 2013.|
TX Fin Code § 156.2081 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.2081. Reinstatement After Expiration

Sec. 156.2081.  REINSTATEMENT AFTER EXPIRATION.  (a)  A person whose license has expired may not engage in activities that require a license until the license has been renewed.(b)  A person who is otherwise eligible to renew a license, but has not done so before January 1, may renew the license before March 1 by paying the commissioner a reinstatement fee in an amount equal to 150 percent of the required renewal fee.(c)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.(d)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(8), eff. September 1, 2011.(e)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(8), eff. September 1, 2011.|Added by Acts 2001, 77th Leg., ch. 337, Sec. 8, eff. Sept. 1, 2001.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 6.10, eff. September 1, 2005.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 23, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 24, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 65(a)(8), eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(5), eff. September 1, 2013.|
TX Fin Code § 156.209 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.209. Denial of Applications and Renewals

Sec. 156.209.  DENIAL OF APPLICATIONS AND RENEWALS.  (a)  If the commissioner declines or fails to issue or renew a license, the commissioner shall promptly give written notice to the applicant or the person requesting the renewal that the application or renewal, as appropriate, was denied.(b)  Before the applicant or person requesting the renewal may appeal to a district court as provided by Section 156.401, the applicant or person must file with the commissioner, not later than the 10th day after the date on which notice under Subsection (a) is received, an appeal of the ruling requesting a time and place for a hearing before a hearings officer designated by the commissioner.(c)  The designated hearings officer shall set the time and place for a hearing requested under Subsection (b) not later than the 90th day after the date on which the appeal is received.  The hearings officer shall provide at least 10 days' notice of the hearing to the applicant or person requesting the renewal.  The time of the hearing may be continued periodically with the consent of the applicant or person requesting the renewal.  After the hearing, the commissioner shall enter an order from the findings of fact, conclusions of law, and recommendations of the hearings officer.(d)  If an applicant or person requesting the renewal fails to request a hearing under this section, the commissioner's refusal to issue or renew a license is final and may not be subject to review by the courts.(e)  A hearing held under this section is governed by Chapter 2001, Government Code.  An appeal of a final order issued under this section may be made in accordance with Section 156.401.(f)  A person who requests a hearing under this section shall be required to pay a deposit to secure the payment of the costs of the hearing in an amount to be determined by the commissioner not to exceed $500.  The entire deposit shall be refunded to the person if the person prevails in the contested case hearing.  If the person does not prevail, any portion of the deposit in excess of the costs of the hearing assessed against that person shall be refundable.(g)  A person whose application for or request to renew a license has been denied is not eligible to be licensed for a period of two years after the date the denial becomes final, or a shorter period as determined by the commissioner after evaluating the specific circumstances of the denial.  The finance commission may adopt rules to provide conditions for which the commissioner may shorten the period of ineligibility.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 6.11, eff. September 1, 2005.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 29, eff. September 1, 2013.|
TX Fin Code § 156.210 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.210. Conditional License

Sec. 156.210.  CONDITIONAL LICENSE.  The commissioner may issue a conditional license.  The finance commission by rule shall adopt reasonable terms and conditions for a conditional license.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 91, eff. Sept. 1, 2001.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 25, eff. September 1, 2011.|
TX Fin Code § 156.211 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.211. Change of Address or Sponsorship; Modification of License

Sec. 156.211.  CHANGE OF ADDRESS OR SPONSORSHIP;  MODIFICATION OF LICENSE.  (a)  Before the 10th day preceding the effective date of an address change, a residential mortgage loan company shall notify the commissioner in writing of the new address accompanied by a change of address fee of $25. (b)  When the sponsorship of a residential mortgage loan originator is terminated, the residential mortgage loan originator or the residential mortgage loan company shall immediately notify the commissioner. (b-1)  Not later than the 10th day before a residential mortgage loan company begins doing business under an assumed name, the residential mortgage loan company shall file with the commissioner a copy of an assumed name certificate for each assumed name under which the residential mortgage loan company intends to conduct business and pay a $25 registration fee for each assumed name. (b-2)  A person licensed under this chapter must notify the commissioner not later than the 10th day after the date of any change of the person's name for the issuance of an amended license.(b-3)  A residential mortgage loan company licensed under this chapter that changes the company's qualifying individual shall notify the commissioner not later than the 10th business day after the date of the change.  The commissioner may charge a fee of $25 for each change of a designated representative.(c)  A fee under this section is not refundable and may not be credited or applied to any other fee or indebtedness owed by the person paying the fee.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 6.12, eff. September 1, 2005.Acts 2007, 80th Leg., R.S., Ch. 905 (H.B. 2783), Sec. 8, eff. September 1, 2007.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 26, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 30, eff. September 1, 2013.|
TX Fin Code § 156.212 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.212. Maintenance and Location of Offices

Sec. 156.212.  MAINTENANCE AND LOCATION OF OFFICES.   If a residential mortgage loan company maintains an office separate and distinct from the company's main office, whether located in this state or not, that conducts mortgage business with consumers of this state or regarding residential real estate in this state, the company shall apply for, pay a fee of $50 for, and obtain an additional license to be known as a branch office license for each additional office to be maintained by the company.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 29, eff. September 1, 2009.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 27, eff. September 1, 2011.Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 4, eff. September 1, 2021.Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900), Sec. 7(1), eff. September 1, 2021.|
TX Fin Code § 156.213 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter C. Residential Mortgage Loan Company Licenses and Registration|Section 156.213. Mortgage Call Report

Sec. 156.213.  MORTGAGE CALL REPORT.  (a)  Each licensed residential mortgage loan company 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 company and the company's operations, including financial statements and production activity volumes;(2)  must include any other information required by the commissioner; and(3)  must be filed as frequently as required by the commissioner.(b)  Information contained in the mortgage call report related to residential mortgage loan origination volume or other trade information, including information used to determine statistical entries in the report related to loan origination volume, is confidential and may not be disclosed by the commissioner, the commissioner's authorized designee, or any other employee of the department.|Added by Acts 2001, 77th Leg., ch. 337, Sec. 9, eff. Sept. 1, 2001.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 28, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 31, eff. September 1, 2013.|
TX Fin Code § 156.3011 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter D. License Revocation and Suspension and Other Actions Against License Holder|Section 156.3011. Issuance and Enforcement of Subpoena

Sec. 156.3011.  ISSUANCE AND ENFORCEMENT OF SUBPOENA.  (a)  During an investigation, the commissioner may issue a subpoena that is addressed to a peace officer of this state or other person authorized by law to serve citation or perfect service.  The subpoena may require a person to give a deposition, produce documents, or both.(b)  If a person disobeys a subpoena or if a person appearing in a deposition in connection with the investigation refuses to testify, the commissioner may petition a district court in Travis County to issue an order requiring the person to obey the subpoena, testify, or produce documents relating to the matter.  The court shall promptly set an application to enforce a subpoena issued under Subsection (a) for hearing and shall cause notice of the application and the hearing to be served upon the person to whom the subpoena is directed.|Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 6.14, eff. September 1, 2005.|
TX Fin Code § 156.302 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter D. License Revocation and Suspension and Other Actions Against License Holder|Section 156.302. Administrative Penalty

Sec. 156.302.  ADMINISTRATIVE PENALTY.  (a)  The commissioner, after notice and opportunity for hearing, may impose an administrative penalty on a person licensed under this chapter who violates this chapter or a rule or order adopted under this chapter.(b)  The amount of the penalty may not exceed $25,000 for each violation.  The amount shall be based on:(1)  the seriousness of the violation, including the nature, circumstances, extent, and gravity of the violation;(2)  the economic harm to property caused by the violation;(3)  the history of previous violations;(4)  the amount necessary to deter a future violation;(5)  efforts to correct the violation; and(6)  any other matter that justice may require.(c)  The enforcement of the penalty may be stayed during the time the order is under judicial review if the person pays the penalty to the clerk of the court or files a supersedeas bond with the court in the amount of the penalty.  A person who cannot afford to pay the penalty or file the bond may stay the enforcement by filing an affidavit in the manner required by the Texas Rules of Civil Procedure for a party who cannot afford to file security for costs, subject to the right of the commissioner to contest the affidavit as provided by those rules.(d)  The attorney general may sue to collect the penalty.(e)  An appeal of an administrative penalty under this section is considered to be a contested case under Chapter 2001, Government Code.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 337, Sec. 11, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 407, Sec. 4, eff. Sept. 1, 2001.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 16, eff. September 1, 2009.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 31, eff. September 1, 2011.|
TX Fin Code § 156.304 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter D. License Revocation and Suspension and Other Actions Against License Holder|Section 156.304. Fee Assessment and Disclosure

Sec. 156.304.  FEE ASSESSMENT AND DISCLOSURE.  (a)  Before the completion of all services to be performed, a residential mortgage loan originator sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter may charge and receive, unless prohibited by law, the following fees for services in assisting a mortgage applicant to obtain a residential mortgage loan:(1)  a fee to obtain a credit report;(2)  a fee for the appraisal of the real estate;(3)  a fee for processing a residential mortgage loan application;(4)  a fee for taking a residential mortgage loan application;(5)  a fee for automated underwriting;(6)  a fee for a courier service;(7)  a fee to issue a loan commitment; or(8)  subject to Subsection (b), a fee for locking in an interest rate.(b)  A residential mortgage loan originator may not charge or receive a fee for locking in an interest rate unless there is a written agreement signed by the mortgage applicant and residential mortgage loan originator that contains a statement of whether the fee to lock in the interest rate is refundable and, if so, the terms and conditions necessary to obtain the refund.|Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 33, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 35, eff. September 1, 2013.|
TX Fin Code § 156.305 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 156 - Residential Mortgage Loan Companies|Subchapter D. License Revocation and Suspension and Other Actions Against License Holder|Section 156.305. Restitution

Sec. 156.305.  RESTITUTION.  The commissioner may order a person to make restitution for any amount received by that person in violation of this chapter.  A residential mortgage loan company may be required to make restitution for any amount received by a sponsored residential mortgage loan originator in violation of Chapter 157.|Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 6.16, eff. September 1, 2005.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 34, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 36, eff. September 1, 2013.|