Texas § FI.158.052 - EXEMPTIONS
Full text of Texas The Texas Constitution § FI.158.052 — EXEMPTIONS, with citation guidance and answers to common questions.
§ FI.158.052. EXEMPTIONS
EXEMPTIONS; APPLICABILITY. (a) This chapter does not require registration by: (1) a federal or state depository institution, or a subsidiary or affiliate of a federal or state depository institution; (2) a person registered under Chapter 157 ; (3) a person licensed under Chapter 342 or regulated under Chapter 343 , if the person does not act as a residential mortgage loan servicer servicing first-lien secured loans; or (4) a person making a residential mortgage loan with the person's own funds, or to secure all or a portion of the purchase price of real property sold by that person. (b) This chapter applies only to a residential mortgage loan servicer that services at least one residential mortgage loan. (c) Nothing in this chapter permits a person who is not otherwise exempt from this chapter to act as a residential mortgage loan originator, as defined by Section 180.002 , without obtaining a license under the applicable provisions of law. Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17 ), Sec. 1, eff. September 1, 2011.
Frequently Asked Questions About Texas § FI.158.052
What does The Texas Constitution § FI.158.052 cover?
Section FI.158.052 ("EXEMPTIONS") 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.158.052?
A common citation format is "The Texas Constitution § FI.158.052" (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.158.052 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
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.