Texas Finance Code
§ 157.024 — DISCIPLINARY ACTION; CEASE AND DESIST ORDER
FI § 157.024Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 157. MORTGAGE BANKERS AND RESIDENTIAL MORTGAGE LOAN ORIGINATORS · Art. E. ENFORCEMENT
Statute text
View on source(a)The commissioner may order disciplinary action against a licensed residential mortgage loan originator when the commissioner, after notice and opportunity for a hearing, has determined that the person:
(1)obtained a license, including a renewal of a license, under this chapter through a false or fraudulent representation or made a material misrepresentation in an application for a license or for the renewal of a license under this chapter;
(2)published or caused to be published an advertisement related to the business of a residential mortgage loan originator that:
(A)was misleading;
(B)was likely to deceive the public;
(C)in any manner tended to create a misleading impression;
…
Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 58, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 75, eff. September 1, 2013.