Section 156.2041 - [Multiple Versions] Qualifications and Requirements for License: Mortgage Company 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 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.Tex. Fin. Code § 156.2041
Amended by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 2, eff. 9/1/2021 Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 87(5), eff. 9/1/2013 Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 18, eff. 9/1/2013Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 16, eff. 9/1/2011.