Texas Finance Code
§ 157.0132 — CRIMINAL AND OTHER BACKGROUND CHECKS
FI § 157.0132Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 157. MORTGAGE BANKERS AND RESIDENTIAL MORTGAGE LOAN ORIGINATORS · Art. D. LICENSING OF RESIDENTIAL MORTGAGE LOAN ORIGINATORS; DISCLOSURES AND REQUIREMENTS
Statute text
View on source(a)On receipt of an application for a residential mortgage loan originator license, the commissioner shall, at a minimum, conduct a criminal background and credit history check of the applicant.
(b)The commissioner shall conduct criminal background and credit history checks in accordance with Section 180.054, and, in connection with each application for a residential mortgage loan originator license or other individual license, the commissioner may conduct a criminal background check through the Department of Public Safety.
(c)The commissioner shall keep confidential any background information obtained under this section and may not release or disclose the information unless:
(1)the information is a public record at the time the commissioner obtains the information; or
(2)the commissioner releases the information:
(A)under order from a court; or
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Legislative history
Added by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 62, eff. September 1, 2013.