Tex. Fin. Code § 157.030 · Subchapter E. ENFORCEMENT
COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On disbursement of mortgage proceeds to or on behalf of the residential mortgage loan applicant, the residential mortgage loan originator who assisted the applicant in obtaining the residential mortgage loan is considered to have completed the performance of the loan originator's services for the applicant and owes no additional duties or obligations to the applicant with respect to the loan.
(b) This section does not limit or preclude the liability of a residential mortgage loan originator for:
(1) failing to comply with this chapter, Chapter 156, or a rule adopted under this chapter or Chapter 156;
(2) failing to comply with a provision of or duty arising under an agreement with a residential mortgage loan applicant under this chapter or Chapter 156; or
(3) violating any other state or federal law.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779), Sec. 8, eff. April 1, 2010.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 80, eff. September 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.157.htm
- Text hash
- sha256 ed494cd49649d24a02c99f61052844c50ea4f6144dee9e1f2c86642f773c4aa8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.