Tex.
Fin. Code Section 156.2041
Qualifications and Requirements for License: Mortgage Company
(a)
To be issued a mortgage company license, 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 mortgage company through the Nationwide Mortgage Licensing System and Registry;(3)
designate an individual licensed as a residential mortgage loan originator under Chapter 157 (Mortgage Bankers and Residential Mortgage Loan Originators) as the company’s qualifying individual;(4)
submit a completed branch application through the Nationwide Mortgage Licensing System and Registry for each branch office that engages in residential mortgage loan activity on residential real estate located in this state;(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;(6)
have the company name or assumed name properly filed with either the secretary of state or with the appropriate county clerk’s office; and(7)
provide financial statements and any other information required by the commissioner.(b)
Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.(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 mortgage company through the Nationwide Mortgage Licensing System and Registry;(3)
designate an individual licensed as a residential mortgage loan originator under Chapter 157 (Mortgage Bankers and Residential Mortgage Loan Originators) as the company’s qualifying individual;(4)
if applicable, submit a completed branch application through the Nationwide Mortgage Licensing System and Registry for each branch office that engages in residential mortgage loan activity on residential real estate located in this state;(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;(6)
have the company name or assumed name properly filed with either the secretary of state or with the appropriate county clerk’s office; and(7)
provide financial statements and any other information required by the commissioner.
Source:
Section 156.2041 — Qualifications and Requirements for License: Mortgage Company, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.156.htm#156.2041 (accessed Jun. 5, 2024).
