Texas § FI.156.304 - FEE ASSESSMENT AND DISCLOSURE
Full text of Texas The Texas Constitution § FI.156.304 — FEE ASSESSMENT AND DISCLOSURE, with citation guidance and answers to common questions.
§ FI.156.304. FEE ASSESSMENT AND DISCLOSURE
FEE ASSESSMENT AND DISCLOSURE. (a) Before the completion of all services to be performed, a residential mortgage loan originator sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter may charge and receive, unless prohibited by law, the following fees for services in assisting a mortgage applicant to obtain a residential mortgage loan: (1) a fee to obtain a credit report; (2) a fee for the appraisal of the real estate; (3) a fee for processing a residential mortgage loan application; (4) a fee for taking a residential mortgage loan application; (5) a fee for automated underwriting; (6) a fee for a courier service; (7) a fee to issue a loan commitment; or (8) subject to Subsection (b), a fee for locking in an interest rate. (b) A residential mortgage loan originator may not charge or receive a fee for locking in an interest rate unless there is a written agreement signed by the mortgage applicant and residential mortgage loan originator that contains a statement of whether the fee to lock in the interest rate is refundable and, if so, the terms and conditions necessary to obtain the refund. Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 33, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 35, eff. September 1, 2013.
Frequently Asked Questions About Texas § FI.156.304
What does The Texas Constitution § FI.156.304 cover?
Section FI.156.304 ("FEE ASSESSMENT AND DISCLOSURE") 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.156.304?
A common citation format is "The Texas Constitution § FI.156.304" (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.156.304 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.