Texas § FI.156.2041 - QUALIFICATIONS AND REQUIREMENTS FOR LICENSE
Full text of Texas The Texas Constitution § FI.156.2041 — QUALIFICATIONS AND REQUIREMENTS FOR LICENSE, with citation guidance and answers to common questions.
§ FI.156.2041. QUALIFICATIONS AND REQUIREMENTS FOR LICENSE
QUALIFICATIONS AND REQUIREMENTS FOR LICENSE: MORTGAGE COMPANY. (a) To be issued a mortgage company license, an applicant must: (1) submit a completed application together with the payment of applicable fees through the Nationwide Mortgage Licensing System and Registry; (2) designate control persons for the mortgage company through the Nationwide Mortgage Licensing System and Registry; (3) designate an individual licensed as a residential mortgage loan originator under Chapter 157 as the company's qualifying individual; (4) submit a completed branch application through the Nationwide Mortgage Licensing System and Registry for each branch office that engages in residential mortgage loan activity on residential real estate located in this state; (5) not be in violation of this chapter, a rule adopted under this chapter, or any order previously issued by the commissioner to the applicant; (6) have the company name or assumed name properly filed with either the secretary of state or with the appropriate county clerk's office; and (7) provide financial statements and any other information required by the commissioner. (b) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 160, Sec. 87(5), eff. September 1, 2013. Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 16, eff. September 1, 2011. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 17, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 18, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 87(5), eff. September 1, 2013. Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900 ), Sec. 4, eff. September 1, 2021. Text of section as amended by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 2 For text of section as amended by Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900 ), Sec. 4, see other Sec. 156.2041 Sec. 156.2041. QUALIFICATIONS AND REQUIREMENTS FOR LICENSE: MORTGAGE COMPANY. To be issued a mortgage company license, an applicant must: (1) submit a completed application together with the payment of applicable fees through the Nationwide Mortgage Licensing System and Registry; (2) designate control persons for the mortgage company through the Nationwide Mortgage Licensing System and Registry; (3) designate an individual licensed as a residential mortgage loan originator under Chapter 157 as the company's qualifying individual; (4) if applicable, submit a completed branch application through the Nationwide Mortgage Licensing System and Registry for each branch office that engages in residential mortgage loan activity on residential real estate located in this state; (5) not be in violation of this chapter, a rule adopted under this chapter, or any order previously issued by the commissioner to the applicant; (6) have the company name or assumed name properly filed with either the secretary of state or with the appropriate county clerk's office; and (7) provide financial statements and any other information required by the commissioner. Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 16, eff. September 1, 2011. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 18, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 87(5), eff. September 1, 2013. Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 2, eff. September 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.156.2041
What does The Texas Constitution § FI.156.2041 cover?
Section FI.156.2041 ("QUALIFICATIONS AND REQUIREMENTS FOR LICENSE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.156.2041?
A common citation format is "The Texas Constitution § FI.156.2041" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.156.2041 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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