Texas Finance Code Title 3, Chapter 158 - Residential Mortgage Loan Servicers

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 158.001 - Short Title
  This chapter may be cited as the Residential Mortgage Loan Servicer Registration Act. Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec....
• Texas Section 158.002 - Definitions
  In this chapter: (1) "Commissioner" means the savings and mortgage lending commissioner. (2) "Finance commission" means the Finance Commission of Texas. (3) "Person" means an...

SUBCHAPTER B REGISTRATION OF RESIDENTIAL MORTGAGE LOAN SERVICERS

• Texas Section 158.003 - Purpose; Rules
  (a) The purpose of this chapter is to provide regulatory authority to ensure that residential mortgage loan servicers registered under this chapter comply with federal...
• Texas Section 158.051 - Registration Required
  A person may not act as a residential mortgage loan servicer, directly or indirectly, for a residential mortgage loan secured by a lien on residential...
• Texas Section 158.052 - Exemptions; Applicability
  (a) This chapter does not require registration by: (1) a federal or state depository institution, or a subsidiary or affiliate of a federal or state...
• Texas Section 158.053 - Application For Registration; Fee
  (a) To register under this chapter, a residential mortgage loan servicer shall file with the commissioner an application for registration that must: (1) be in...
• Texas Section 158.054 - Update Of Registration
  A registrant shall notify the commissioner of a change in any of the information provided in the registration application not later than the 30th day...
• Texas Section 158.055 - Bond
  (a) Before approval of the registration, an applicant for registration under this chapter shall file with the commissioner, and shall keep in force while the...
• Texas Section 158.056 - Approval Of Registration
  The commissioner shall approve an application for registration under this chapter on the applicant's payment of the required fees and the commissioner's approval of the...
• Texas Section 158.057 - Notice Of Change Of Registrant's Condition
  (a) A registrant shall notify the commissioner in writing not later than the 10th day after: (1) the filing for bankruptcy or reorganization of the...
• Texas Section 158.058 - Renewal Of Registration
  (a) On or before December 31 of each year, a registrant shall renew its registration for the next calendar year and shall pay to the...
• Texas Section 158.059 - Revocation Of Registration
  The commissioner may, after notice and hearing, revoke a registration under this chapter if: (1) the registrant fails or refuses to comply with the commissioner's...

SUBCHAPTER C INVESTIGATIONS, COMPLAINTS, AND ACTIONS AGAINST REGISTRANT

• Texas Section 158.060 - Appeal Of Certain Commissioner Actions
  The denial, nonrenewal, or revocation by the commissioner of a registration under this chapter and the appeal of that action are governed by Chapter 2001,...
• Texas Section 158.101 - Disclosure Statement
  A registrant shall provide to the borrower of each residential mortgage loan the following notice not later than the 30th day after the registrant commences...
• Texas Section 158.102 - Investigation Of Complaints Against Registrant; Surcharge
  (a) On receipt of a signed written complaint concerning a registrant by the Department of Savings and Mortgage Lending, the commissioner or the commissioner's designee:...
• Texas Section 158.103 - Action On Complaint
  (a) If, after conducting an investigation, the commissioner determines that the registrant has violated this chapter or another applicable law, the commissioner may do one...
• Texas Section 158.104 - Multi-state Examination Authority
  To ensure that residential mortgage loan servicers to whom this chapter applies operate in this state in compliance with this chapter and with other law...
• Texas Section 158.105 - Cease And Desist Order
  (a) If the commissioner has reasonable cause to believe that a person who is not registered or exempt under this chapter has engaged, or is...
• Texas Section 158.106 - Restitution
  The commissioner may order a residential mortgage loan servicer to pay to a complainant any compensation received by the servicer in a violation cited by...

Last modified: September 28, 2016