Texas § FI.348.5015 - RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED
Full text of Texas The Texas Constitution § FI.348.5015 — RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED, with citation guidance and answers to common questions.
§ FI.348.5015. RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED
RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED. (a) In this section, "Nationwide Mortgage Licensing System and Registry" and "residential mortgage loan originator" have the meanings assigned by Section 180.002 . (b) Unless exempt under Section 180.003 , or acting under the temporary authority described under Section 180.0511 , an individual who acts as a residential mortgage loan originator in the sale of a motor vehicle to be used as a principal dwelling must: (1) be licensed to engage in that activity under this chapter; (2) be enrolled with the Nationwide Mortgage Licensing System and Registry as required by Section 180.052 ; and (3) comply with other applicable requirements of Chapter 180 and rules adopted under that chapter. (c) Subject to Section 14.112 , the finance commission shall adopt rules establishing procedures for applying for issuing, renewing, and enforcing a license under this section. In adopting rules under this subsection, the finance commission shall ensure that: (1) the minimum eligibility requirements for issuance of a license are the same as the requirements of Section 180.055 ; (2) the minimum eligibility requirements for renewal of a license are the same as the requirements of Section 180.059 ; and (3) the applicant pays: (A) an investigation fee in a reasonable amount determined by the commissioner; and (B) a license fee in an amount determined as provided by Section 14.107 . (d) The finance commission may adopt rules under this chapter as required to carry out the intentions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Pub. L. No. 110-289). Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10 ), Sec. 16, eff. June 19, 2009. Amended by: Acts 2019, 86th Leg., R.S., Ch. 695 (S.B. 2330 ), Sec. 6, eff. November 24, 2019. Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442 ), Sec. 34, eff. September 1, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.348.5015
What does The Texas Constitution § FI.348.5015 cover?
Section FI.348.5015 ("RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED") 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.348.5015?
A common citation format is "The Texas Constitution § FI.348.5015" (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.348.5015 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.