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Texas Finance Code - FIN § 157.013. Application for License;  Fees

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

(a) An application for a residential mortgage loan originator license 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 originator license must be accompanied by:

(1) an application fee in an amount determined by the commissioner, not to exceed $500;  and

(2) for an original license, a recovery fund fee in the amount of $20.

(c) 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.

(d) In addition to the disciplinary action by the commissioner authorized under Section 157.024(a)(6), the commissioner may collect a fee in an amount not to exceed $50 for any returned check or credit card charge back.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 157.013. Application for License;  Fees - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-157-013/

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