Texas Finance Code 157.014 – Issuance of Residential Mortgage Loan Originator License
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(a) The commissioner shall issue a residential mortgage loan originator license to an applicant if the commissioner determines that the applicant meets all requirements and conditions for the license.
(b) Each residential mortgage loan originator license must have a unique identifier as provided by Chapter 180.
Terms Used In Texas Finance Code 157.014
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC