reglab/housing_qa huggingface dataset:
TX Fin Code § 157.0021 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter B. Administrative Provisions|Section 157.0021. Disclosure Statement

Sec. 157.0021.  DISCLOSURE STATEMENT.  (a)  A mortgage banker that is a residential mortgage loan originator shall include a notice to a residential mortgage loan applicant with an application for a residential mortgage loan.  The finance commission by rule shall adopt a standard disclosure form to be used by the mortgage banker.  The form must:(1)  include the name, address, and toll-free telephone number for the Department of Savings and Mortgage Lending;(2)  contain information on how to file a complaint or recovery fund claim; and(3)  prescribe a method for proof of delivery to the consumer.(b)  A mortgage banker that indicates in its registration that it acts as a residential mortgage loan servicer shall provide to the borrower of each residential mortgage loan it services the following notice not later than the 30th day after the date the mortgage banker commences servicing the loan:"COMPLAINTS REGARDING THE SERVICING OF YOUR MORTGAGE SHOULD BE SENT TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, ______________________________ (street address of the Department of Savings and Mortgage Lending).  A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT _______________ (telephone number of the Department of Savings and Mortgage Lending's toll-free consumer hotline)."|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.054, eff. September 1, 2007.Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 5, eff. April 1, 2010.Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 4, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 50, eff. September 1, 2011.Transferred and redesignated from Finance Code, Section 157.007 by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 54, eff. September 1, 2013.|
TX Fin Code § 157.0022 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter B. Administrative Provisions|Section 157.0022. Complaints

Sec. 157.0022.  COMPLAINTS.  (a)  If the Department of Savings and Mortgage Lending receives a signed written complaint from a person concerning a mortgage banker, the commissioner shall notify the representative designated by the mortgage banker under Section 157.003(b) in writing of the complaint and provide a copy of the complaint to the representative.(b)  The commissioner may request documentary and other evidence considered by the commissioner as necessary to effectively evaluate the complaint, including correspondence, loan documents, and disclosures.  A mortgage banker shall promptly provide any evidence requested by the commissioner.(c)  The commissioner may require the mortgage banker to resolve the complaint or to provide the commissioner with a response to the complaint.  The commissioner may direct the mortgage banker in writing to take specific action to resolve the complaint.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.055, eff. September 1, 2007.Transferred and redesignated from Finance Code, Section 157.008 by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 54, eff. September 1, 2013.|
TX Fin Code § 157.0023 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter B. Administrative Provisions|Section 157.0023. Rulemaking Authority

Sec. 157.0023.  RULEMAKING AUTHORITY.  (a)  The Finance Commission of Texas may adopt rules necessary to implement or fulfill the purpose of this chapter.(b)  The Finance Commission of Texas may by rule adopt standard forms for, and require the use of the forms by, a mortgage banker who represents that an applicant for a loan is preapproved or has prequalified for the loan.(c)  The finance commission may adopt rules under this chapter as required to carry out the intentions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Pub. L. No. 110-289).|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 7, eff. April 1, 2010.Transferred and redesignated from Finance Code, Section 157.011 by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 56, eff. September 1, 2013.|
TX Fin Code § 157.0024 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter B. Administrative Provisions|Section 157.0024. Mortgage Industry Advisory Committee

Sec. 157.0024.  MORTGAGE INDUSTRY ADVISORY COMMITTEE.  The mortgage industry advisory committee shall advise and assist the commissioner with respect to this chapter as provided by Section 156.104.|Added by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 49, eff. September 1, 2013.|
TX Fin Code § 157.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.003. Registration Required

Sec. 157.003.  REGISTRATION REQUIRED.  (a)  A person must register under this chapter before the person may conduct the business of a mortgage banker in this state, unless the person is exempt under this section or Section 157.004.(b)  To register under this chapter, a mortgage banker shall:(1)  enroll with the Nationwide Mortgage Licensing System and Registry;(2)  be in good standing with the secretary of state;(3)  have a valid federal employer identification number;(4)  meet the qualification requirements for a mortgage banker;(5)  not be in violation of this chapter, a rule adopted under this chapter, or any order previously issued by the commissioner to the applicant; and(6)  provide to the commissioner a list of any offices that are separate and distinct from the primary office identified on the mortgage banker registration and that conduct residential mortgage loan business relating to this state, regardless of whether the offices are located in this state.(b-1)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(11), eff. September 1, 2011.(c)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(11), eff. September 1, 2011.(d)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(11), eff. September 1, 2011.(e)  The registration of a mortgage banker is valid on approval of the commissioner and may be denied if the commissioner determines the mortgage banker does not meet the requirements of Subsection (b).  If registration is denied, the mortgage banker may appeal the determination in the same manner as an applicant for a residential mortgage loan originator license may appeal a denial of issuance of a license under Section 157.017.(f)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(7), eff. September 1, 2013.(g)  The registration may be withdrawn or revoked. (h)  A mortgage banker that services residential mortgage loans must indicate in its registration that it acts as a residential mortgage loan servicer.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 3, eff. April 1, 2010.Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 3, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 46, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 65(a)(11), eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 51, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(7), eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 22.001(18), eff. September 1, 2013.|
TX Fin Code § 157.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.004. Exemptions

Sec. 157.004.  EXEMPTIONS.  This chapter does not apply to:(1)  a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;(2)  a subsidiary of a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;(3)  a residential mortgage loan company licensed under Chapter 156;(4)  an authorized lender licensed under Chapter 342; or(5)  the state or a governmental agency, political subdivision, or other instrumentality of the state, or an employee of the state or a governmental agency, political subdivision, or instrumentality of the state who is acting within the scope of the person's employment.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 4, eff. April 1, 2010.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 52, eff. September 1, 2013.|
TX Fin Code § 157.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.005. Update of Registration

Sec. 157.005.  UPDATE OF REGISTRATION.  A mortgage banker shall update information contained in the registration not later than the 10th day after the date the information changes.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 47, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 53, eff. September 1, 2013.|
TX Fin Code § 157.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.006. Registration and Administration Fee

Sec. 157.006.  REGISTRATION AND ADMINISTRATION FEE.  The commissioner may charge a mortgage banker a reasonable fee to cover the costs of the registration and of administering this chapter.  The fee may not exceed $500 a year.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 48, eff. September 1, 2011.|
TX Fin Code § 157.0061 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.0061. Renewal of Registration

Sec. 157.0061.  RENEWAL OF REGISTRATION.  (a)  The registration of a mortgage banker expires on December 31 of the year in which the registration is approved and must be renewed annually.(b)  To renew a registration, a mortgage banker must comply with the requirements of Section 157.003 and pay a renewal fee in an amount not to exceed $500.|Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 49, eff. September 1, 2011.|
TX Fin Code § 157.0062 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.0062. Reinstatement After Expiration of Registration

Sec. 157.0062.  REINSTATEMENT AFTER EXPIRATION OF REGISTRATION.  (a)  A mortgage banker whose registration has expired may not engage in an activity for which registration is required under this chapter until the registration is renewed.(b)  A mortgage banker who is otherwise eligible to renew a registration, but has not done so before January 1, may renew the registration before March 1 by paying the commissioner a reinstatement fee in an amount not to exceed $500.(c)  A mortgage banker whose registration has not been renewed before March 1 may not renew the registration.  The mortgage banker may obtain a new registration by complying with the requirements and procedures for obtaining an original registration.|Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 49, eff. September 1, 2011.|
TX Fin Code § 157.009 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.009. Termination of Registration

Sec. 157.009.  TERMINATION OF REGISTRATION.  (a)  A mortgage banker may withdraw the mortgage banker's registration at any time.(b)  Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(12), eff. September 1, 2011.(c)  The commissioner may revoke the registration of a mortgage banker if the mortgage banker fails or refuses to comply with the commissioner's written request for a response to a complaint.(d)  The commissioner may revoke the registration of a mortgage banker after considering a complaint filed under this chapter if the commissioner concludes that the mortgage banker has engaged in an intentional course of conduct to violate federal or state law or has engaged in an intentional course of conduct that constitutes improper, fraudulent, or dishonest dealings or has engaged in a negligent course of conduct exhibited through pattern or practice.  The commissioner shall recite the basis of the decision in an order revoking the registration.(d-1)  The commissioner, after review of the circumstances, may revoke the registration of a mortgage banker if the mortgage banker has had a license, registration, or other certification revoked by a state or federal regulatory authority.(e)  If the commissioner proposes to revoke a registration under Subsection (c), (d), or (d-1), the mortgage banker is entitled to a hearing before the commissioner or a hearings officer, who shall propose a decision to the commissioner.  The commissioner or hearings officer shall prescribe the time and place of the hearing.  The hearing is governed by Chapter 2001, Government Code.(f)  A mortgage banker aggrieved by a ruling, order, or decision of the commissioner is entitled to appeal to a district court in the county in which the hearing was held.  An appeal under this subsection is governed by Chapter 2001, Government Code.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 6, eff. April 1, 2010.Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 65(a)(12), eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 55, eff. September 1, 2013.|
TX Fin Code § 157.010 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle E - Other Financial Businesses|Chapter 157 - Mortgage Bankers and Residential Mortgage Loan Originators|Subchapter C. Registration of Mortgage Bankers|Section 157.010. Reregistration

Sec. 157.010.  REREGISTRATION.  (a)  A mortgage banker whose registration is revoked by the commissioner may register again only after receiving the authorization of the commissioner.  The commissioner shall authorize the registration if the commissioner concludes that the mortgage banker will comply with state and federal law and will not engage in improper, fraudulent, or dishonest dealings.(b)  A mortgage banker who seeks registration under this section may request and is entitled to a hearing before the commissioner or a hearings officer, who shall propose a decision to the commissioner.  The hearing is governed by Chapter 2001, Government Code.(c)  If the commissioner denies authorization for the registration of a mortgage banker under this section, the commissioner shall recite the basis of the decision in an order denying the authorization.(d)  If the commissioner denies authorization for the registration of a mortgage banker under this section, the mortgage banker is entitled to appeal to a district court in Travis County.  An appeal brought under this subsection is governed by Chapter 2001, Government Code.|Added by Acts 2003, 78th Leg., ch. 1301, Sec. 1, eff. Jan. 1, 2004.|
TX Fin Code § 157.012 (2021)
2021 Texas Statutes|Finance Code|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

Sec. 157.012.  LICENSE REQUIRED FOR RESIDENTIAL MORTGAGE LOAN ORIGINATORS.  (a)  An individual may not act or attempt to act in the capacity of a residential mortgage loan originator unless the individual is exempt under Section 157.0121 or 180.003(b), is acting under the temporary authority described under Section 180.0511, or:(1)  is licensed under this chapter, sponsored by an appropriate entity, and enrolled with the Nationwide Mortgage Licensing System and Registry as required by Section 180.052; and(2)  complies with other applicable requirements of Chapter 180 and rules adopted by the finance commission under that chapter.(b)  The finance commission may adopt rules under this chapter as required to carry out the intentions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Pub. L. No. 110-289).(c)  To be eligible to be licensed as a residential mortgage loan originator, the individual, in addition to meeting the requirements of Subsection (a), must:(1)  satisfy the commissioner as to the individual's honesty, trustworthiness, and integrity;(2)  not be in violation of this chapter, Chapter 180, or any rules adopted under this chapter or Chapter 180;(3)  provide the commissioner with satisfactory evidence that the individual meets the qualifications provided by Chapter 180; and(4)  be a citizen of the United States or a lawfully admitted alien.(d)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(8), eff. September 1, 2013.(e)  In this section, "appropriate entity" means an entity:(1)  that is licensed or registered under this chapter or Chapter 156; and(2)  for which the individual is acting as a residential mortgage loan originator.|Reenacted and amended by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 51, eff. September 1, 2011.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 58, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 59, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(8), eff. September 1, 2013.Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 21, eff. September 1, 2019.Acts 2019, 86th Leg., R.S., Ch. 695 (S.B. 2330), Sec. 1, eff. November 24, 2019.|
TX Fin Code § 157.013 (2021)
2021 Texas Statutes|Finance Code|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 157.013. Application for License; Fees

Sec. 157.013.  APPLICATION FOR LICENSE; FEES.  (a)  An application for a residential mortgage loan originator license must be:(1)  in writing;(2)  under oath; and(3)  on the form prescribed by the commissioner.(b)  An application for a residential mortgage loan originator license must be accompanied by:(1)  an application fee in an amount determined by the commissioner, not to exceed $500; and(2)  for an original license, a recovery fund fee in the amount of $20.(c)  An application 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.(d)  In addition to the disciplinary action by the commissioner authorized under Section 157.024(a)(6), the commissioner may collect a fee in an amount not to exceed $50 for any returned check or credit card charge back.|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. 52, eff. September 1, 2011.Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 61, eff. September 1, 2013.Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 8, eff. September 1, 2021.|
TX Fin Code § 157.0131 (2021)
2021 Texas Statutes|Finance Code|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 157.0131. Conviction of Offense

Sec. 157.0131.  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 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 62, eff. September 1, 2013.|
TX Fin Code § 157.0132 (2021)
2021 Texas Statutes|Finance Code|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 157.0132. Criminal and Other Background Checks

Sec. 157.0132.  CRIMINAL AND OTHER BACKGROUND CHECKS.  (a)  On receipt of an application for a residential mortgage loan originator license, the commissioner shall, at a minimum, conduct a criminal background and credit history check of the applicant.(b)  The commissioner shall conduct criminal background and credit history checks in accordance with Section 180.054, and, in connection with each application for a residential mortgage loan originator license or other individual license, the commissioner may conduct a criminal background check through the Department of Public Safety.(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 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 62, eff. September 1, 2013.|