Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 180.058: RECOVERY FUND FEE OR SURETY BOND REQUIREMENT.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE E. OTHER FINANCIAL BUSINESSES
CHAPTER 180. RESIDENTIAL MORTGAGE LOAN ORIGINATORS
SUBCHAPTER B. LICENSING AND REGISTRATION REQUIREMENTS

(a) A regulatory official may not issue a residential mortgage loan originator license unless the official determines that the applicant meets the surety bond requirement or has paid a recovery fund fee, as applicable, in accordance with the requirements of the S.A.F.E. Mortgage Licensing Act.

(b) Each regulatory official shall adopt rules requiring an individual licensed as a residential mortgage loan originator to obtain a surety bond or pay a recovery fund fee as the official determines appropriate to comply with the S.A.F.E. Mortgage Licensing Act.

Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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