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Texas Finance Code - Chapter 157 Registration Of Mortgage BankersLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 157 Registration Of Mortgage Bankers This chapter may be cited as the Mortgage Banker Registration Act. Added by Acts 2003, 78th Leg., ch. 1301, § 1, eff. Jan. 1, 2004. ... In this chapter: (1) "Commissioner" means the savings and loan commissioner. (2) "Mortgage banker" means a person who: (A) accepts an application for a mortgage ... (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 ... 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 mortgage banker shall update information contained in the registration statement not later than the 30th day after the date the information changes. Added by ... The commissioner may charge a mortgage banker a reasonable fee to cover the costs of filing the registration statement and administering this chapter. The fee ... A mortgage banker shall include the following notice to a mortgage loan applicant with an application for a mortgage loan: "COMPLAINTS REGARDING MORTGAGE BANKERS SHOULD ... (a) If the Savings and Loan Department receives a signed written complaint from a person concerning a mortgage banker, the commissioner shall notify the representative ... (a) A mortgage banker may withdraw the mortgage banker's registration at any time. (b) The commissioner may revoke the registration of a mortgage banker if ... (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 ... (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 ... Texas Lawyers
Last modified: August 10, 2007 |