Tex. Fin. Code § 158.052 · Subchapter B. REGISTRATION OF RESIDENTIAL MORTGAGE LOAN SERVICERS
EXEMPTIONS; APPLICABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.158.htm
- Text hash
- sha256 14f4a8c97c243e5c0956e3ff80a94477ad42e379ba23b44ffaa7919e8dd08386
- 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
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