Texas Finance Code - FIN § 157.02015. Rulemaking Authority With Respect to Residential Mortgage Loan Originators

(a) The finance commission may adopt rules to prohibit false, misleading, or deceptive practices by residential mortgage loan originators but may not adopt any other rules restricting competitive bidding or advertising by residential mortgage loan originators.  When adopting rules under this subsection, the finance commission may not restrict:

(b) The finance commission may adopt rules regarding books and records that a residential mortgage loan originator licensed under this chapter is required to keep, including the location at which the books and records must be kept.

(c) The finance commission shall consult with the commissioner when proposing and adopting rules under this section.