Texas Finance Code 156.203 – Application; Fees
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(a) For purposes of this section, an application for a residential mortgage loan company license means an application for:
(1) a mortgage company license;
(2) a credit union subsidiary organization license;
(3) an auxiliary mortgage loan activity company license; or
(4) an independent contractor loan processor or underwriter company license.
(a-1) An application for a residential mortgage loan company license must be:
(1) in writing;
(2) under oath; and
(3) on the form prescribed by the commissioner.
Terms Used In Texas Finance Code 156.203
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- 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
- Oath: includes affirmation. See Texas Government Code 311.005
- Oath: A promise to tell the truth.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(a-2) An application for a financial services company registration under § 156.2012 must be:
(1) in writing;
(2) under oath; and
(3) on the form prescribed by the commissioner.
(b) An application for a residential mortgage loan company license must be accompanied by an application fee in an amount determined by the commissioner not to exceed $375.
(c) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013.
(d) An application fee under this section is not refundable and may not be credited or applied to any other fee or indebtedness owed by the person paying the fee.
(e) In addition to the disciplinary action by the commissioner authorized under § 156.303(a)(7), the commissioner may collect a fee in an amount not to exceed $50 for any returned check or credit card charge back.