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 Texas Statutes (Last Updated: January 4, 2014)
 FINANCE CODE
 Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES
 Subtitle E. OTHER FINANCIAL BUSINESSES
 Chapter 156. RESIDENTIAL MORTGAGE LOAN COMPANIES AND RESIDENTIAL MORTGAGE LOAN ORIGINATORS  
 Subchapter B. ADMINISTRATION PROVISIONS  

Sec. 156.101. ADMINISTRATION OF CHAPTER    

Latest version.

  • 1104, Sec. 4

    (a) Except as provided by Subsection (a-2), the commissioner shall administer this chapter.

    Text of subsection as amended by Acts 2009, 81st Leg., R.S., Ch. 1317, Sec. 28

    (a) The commissioner shall administer and enforce this chapter.

    (a-1) The commissioner shall perform all duties relating to the issuance and renewal of licenses under Section 156.2015 for employees of credit union subsidiary organizations who act as residential mortgage loan originators.

    (a-2) The credit union commissioner is responsible for:

    (1) the examination, inspection, or investigation of employees of credit union subsidiary organizations who are licensed to act as residential mortgage loan originators under this chapter; and

    (2) the enforcement of compliance by employees of credit union subsidiary organizations described by Subdivision (1) with the applicable requirements of this chapter and Chapter 180.

    (b) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1317, Sec. 28(i), eff. September 1, 2009.

    (c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1317, Sec. 28(i), eff. September 1, 2009.

    (d) The commissioner shall participate in the Nationwide Mortgage Licensing System and Registry as provided by Chapter 180.

Text of subsection as amended by Acts 2009, 81st Leg., R.S., Ch. 1104 , Sec. 4 (a) Except as provided by Subsection (a-2), the commissioner shall administer this chapter. Text of subsection as amended by Acts 2009, 81st Leg., R.S., Ch. 1317 , Sec. 28 (a) The commissioner shall administer and enforce this chapter. (a-1) The commissioner shall perform all duties relating to the issuance and renewal of licenses under Section 156.2015 for employees of credit union subsidiary organizations who act as residential mortgage loan originators. (a-2) The credit union commissioner is responsible for: (1) the examination, inspection, or investigation of employees of credit union subsidiary organizations who are licensed to act as residential mortgage loan originators under this chapter; and (2) the enforcement of compliance by employees of credit union subsidiary organizations described by Subdivision (1) with the applicable requirements of this chapter and Chapter 180. (b) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1317, Sec. 28(i), eff. September 1, 2009. (c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1317, Sec. 28(i), eff. September 1, 2009. (d) The commissioner shall participate in the Nationwide Mortgage Licensing System and Registry as provided by Chapter 180. Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1104 , Sec. 4, eff. June 19, 2009. Acts 2009, 81st Leg., R.S., Ch. 1317 , Sec. 1, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1317 , Sec. 28(g), eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1317 , Sec. 28(i), eff. September 1, 2009.