{"data":{"id":"us-tx/tex.-finance-code-180.058","jurisdiction":"us-tx","citation":"Tex. Finance Code § 180.058","heading":"RECOVERY FUND FEE OR SURETY BOND REQUIREMENT.","body":"(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.\n(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.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.180.htm#180.058","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"4b27f3bdb5c205f89c97fff60fec89556bfed3bd54e5c2ff6a9df6d2a644723b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-180.057","next":"us-tx/tex.-finance-code-180.059"},"notice":"GroundRules: Original legal text. Not legal advice."}