Texas Finance Code
§ 158.052 — EXEMPTIONS; APPLICABILITY
FI § 158.052Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 158. RESIDENTIAL MORTGAGE LOAN SERVICERS · Art. B. REGISTRATION OF RESIDENTIAL MORTGAGE LOAN SERVICERS
Statute text
View on source(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.
…
Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.