Tex. Fin. Code Section 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 (Disciplinary Action; Cease and Desist Order)(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.

Source: Section 157.013 — Application for License; Fees, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­157.­htm#157.­013 (accessed Apr. 29, 2024).

157.001
Short Title 157.002
Definitions 157.003
Registration Required 157.004
Exemptions 157.005
Update of Registration 157.006
Registration and Administration Fee 157.009
Termination of Registration 157.010
Reregistration 157.012
License Required for Residential Mortgage Loan Originators 157.013
Application for License 157.014
Issuance of Residential Mortgage Loan Originator License 157.015
Renewal of License 157.016
Reinstatement After Expiration of License 157.017
Denial of Applications and Renewals 157.019
Modification of License 157.020
Mortgage Call Report 157.021
Inspection 157.0021
Disclosure Statement 157.022
Issuance and Enforcement of Subpoena 157.0022
Complaints 157.0023
Rulemaking Authority 157.023
Administrative Penalty 157.0024
Mortgage Industry Advisory Committee 157.024
Disciplinary Action 157.025
Restitution 157.026
Hearings and Judicial Review 157.027
Civil Actions and Injunctive Relief 157.028
Burden of Proof to Establish an Exemption 157.029
Reliance on Written Notices from the Commissioner 157.030
Completion of Residential Mortgage Origination Services 157.031
Unlicensed Activity 157.032
Powers of Commissioner 157.0061
Renewal of Registration 157.0062
Reinstatement After Expiration of Registration 157.0121
Exemptions from Residential Mortgage Loan Originator Requirements 157.0131
Conviction of Offense 157.0132
Criminal and Other Background Checks 157.0141
Conditional License 157.0201
Recovery Fund 157.0211
Multi-state Examination Authority of Residential Mortgage Loan Servicer 157.0241
Revocation or Suspension of License for Payment from Recovery Fund 157.02012
Standard Forms 157.02013
Secondary Market Transactions 157.02014
Affiliated Business Arrangements 157.02015
Rulemaking Authority with Respect to Residential Mortgage Loan Originators 157.02016
Administration of Subchapter
Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 157.013’s source at texas​.gov