Texas § FI.157.020 - MORTGAGE CALL REPORT
Full text of Texas The Texas Constitution § FI.157.020 — MORTGAGE CALL REPORT, with citation guidance and answers to common questions.
§ FI.157.020. MORTGAGE CALL REPORT
MORTGAGE CALL REPORT. (a) Each mortgage banker shall file a mortgage call report with the commissioner or the commissioner's authorized designee on a form prescribed by the commissioner or authorized designee. The report must be filed as frequently as required by the Nationwide Mortgage Licensing System and Registry. The report is a statement of condition of the mortgage banker and the mortgage banker's operations, including financial statements and production activity volumes, and any other similar information required by the Nationwide Mortgage Licensing System and Registry. (a-1) A licensed residential mortgage loan originator, as required by the commissioner, shall file a mortgage call report with the commissioner or the commissioner's authorized designee on a form prescribed by the commissioner or authorized designee. The report: (1) is a statement of condition of the residential mortgage loan originator; (2) must include any information required by the commissioner; and (3) must be filed as frequently as required by the commissioner. (b) The information contained in the mortgage call report related to residential mortgage loan origination volume or other trade information is confidential and may not be disclosed by the commissioner, the commissioner's authorized designee, or any other employee of the Department of Savings and Mortgage Lending. Added by Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779 ), Sec. 8, eff. April 1, 2010. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 55, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 69, eff. September 1, 2013.
Frequently Asked Questions About Texas § FI.157.020
What does The Texas Constitution § FI.157.020 cover?
Section FI.157.020 ("MORTGAGE CALL REPORT") 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.157.020?
A common citation format is "The Texas Constitution § FI.157.020" (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.157.020 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.