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Texas Finance Code - FIN § 156.004. Disclosure to Applicant

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) At the time an applicant submits an application to a residential mortgage loan originator sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter, the residential mortgage loan originator shall provide to the applicant a disclosure that specifies:

(1) the nature of the relationship between the applicant and the residential mortgage loan originator;

(2) the duties the residential mortgage loan originator has to the applicant;  and

(3) how the residential mortgage loan originator will be compensated.

(b) The finance commission, by rule, shall adopt a standard disclosure form to be used by the residential mortgage loan originator.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 156.004. Disclosure to Applicant - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-156-004/

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