Texas Finance Code
§ 156.2012 — REGISTERED FINANCIAL SERVICES COMPANY
FI § 156.2012Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 156. RESIDENTIAL MORTGAGE LOAN COMPANIES · Art. C. RESIDENTIAL MORTGAGE LOAN COMPANY LICENSES AND REGISTRATION
Statute text
View on source(a)A financial services company may perform the services of a residential mortgage loan company if the company is registered under this chapter.
(b)To be eligible to register as a registered financial services company, a person must:
(1)be a depository institution exempt from this chapter under Section 156.202(a-1)(4)(A) and chartered and regulated by the Office of the Comptroller of the Currency, or be a subsidiary of the institution;
(2)provide a business plan satisfactory to the commissioner that sets forth the person's plan to:
(A)provide education to its sponsored residential mortgage loan originators;
(B)handle consumer complaints relating to its sponsored residential mortgage loan originators; and
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