Tex. Finance Code § 158.052
This is the official text of Tex. Finance Code § 158.052, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 158.052. EXEMPTIONS; APPLICABILITY.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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