Tex. Fin. Code Section 157.02015
Rulemaking Authority with Respect to Residential Mortgage Loan Originators

(a)

The finance commission may adopt rules to prohibit false, misleading, or deceptive practices by residential mortgage loan originators but may not adopt any other rules restricting competitive bidding or advertising by residential mortgage loan originators. When adopting rules under this subsection, the finance commission may not restrict:

(1)

the use of any medium for an advertisement;

(2)

the personal appearance of or voice of a person in an advertisement;

(3)

the size or duration of an advertisement; or

(4)

a residential mortgage loan originator’s advertisement under a trade name.

(b)

The finance commission may adopt rules regarding books and records that a residential mortgage loan originator licensed under this chapter is required to keep, including the location at which the books and records must be kept.

(c)

The finance commission shall consult with the commissioner when proposing and adopting rules under this section.
Added by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 70, eff. September 1, 2013.

Source: Section 157.02015 — Rulemaking Authority with Respect to Residential Mortgage Loan Originators, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­157.­htm#157.­02015 (accessed Jun. 5, 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 157.0021
Disclosure Statement 157.021
Inspection 157.022
Issuance and Enforcement of Subpoena 157.0022
Complaints 157.0023
Rulemaking Authority 157.023
Administrative Penalty 157.024
Disciplinary Action 157.0024
Mortgage Industry Advisory Committee 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:
Jun. 5, 2024

§ 157.02015’s source at texas​.gov