Tex. Fin. Code Section 157.016
Reinstatement After Expiration of License; Notice

(a)

A person whose residential mortgage loan originator license has expired may not engage in activities that require a license until the license has been reinstated or a new license has been issued.

(b)

A person whose residential mortgage loan originator license has not been renewed before January 1 but who is otherwise eligible to renew a license, and does so before March 1, may renew the license by paying the commissioner a reinstatement fee in an amount that is equal to 150 percent of the required renewal fee.

(c)

A person whose residential mortgage loan originator license has not been renewed before March 1 may not renew the license. The person may obtain a new license by complying with the requirements and procedures for obtaining an original license.

(d)

Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(13), eff. September 1, 2011.
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. 53, eff. September 1, 2011.
Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 65(a)(13), eff. September 1, 2011.
Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 65, eff. September 1, 2013.

Source: Section 157.016 — Reinstatement After Expiration of License; Notice, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­157.­htm#157.­016 (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
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Accessed:
Apr. 29, 2024

§ 157.016’s source at texas​.gov