Tex. Fin. Code 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 depository institution;

(2)

a person registered under Chapter 157 (Mortgage Bankers and Residential Mortgage Loan Originators);

(3)

a person licensed under Chapter 342 (Consumer Loans) or regulated under Chapter 343 (Home Loans), if the person does not act as a residential mortgage loan servicer servicing first-lien secured loans; or

(4)

a person making a residential mortgage loan with the person’s own funds, or to secure all or a portion of the purchase price of real property sold by that person.

(b)

This chapter applies only to a residential mortgage loan servicer that services at least one residential mortgage loan.

(c)

Nothing in this chapter permits a person who is not otherwise exempt from this chapter to act as a residential mortgage loan originator, as defined by Section 180.002 (Definitions), without obtaining a license under the applicable provisions of law.
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.

Source: Section 158.052 — Exemptions; Applicability, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­158.­htm#158.­052 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 158.052’s source at texas​.gov