Tex. Fin. Code § 180.057 · Subchapter B. LICENSING AND REGISTRATION REQUIREMENTS
TESTING REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An applicant for a residential mortgage loan originator license must pass a qualified, written test that:
(1) meets the standards and requirements established by the S.A.F.E. Mortgage Licensing Act;
(2) is developed by the Nationwide Mortgage Licensing System and Registry; and
(3) is administered by a test provider in accordance with the S.A.F.E. Mortgage Licensing Act.
(b) An individual may retake the test the number of times and within the period prescribed by the S.A.F.E. Mortgage Licensing Act.
(c) An individual who fails to maintain a residential mortgage loan originator license for at least five consecutive years must retake the test.
(d) This section does not prohibit a test provider approved in accordance with the S.A.F.E. Mortgage Licensing Act from providing a test at the location of:
(1) the license applicant's employer;
(2) a subsidiary or affiliate of the applicant's employer; or
(3) an entity with which the applicant holds an exclusive arrangement to conduct the business of a residential mortgage loan originator.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.180.htm
- Text hash
- sha256 fe9d4d258d1de5cf68feea41fd59bc85899070975c001d5f9e110a7b59b96ba6
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 180.057. Each shows the citation as that text prints it.
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.