Texas Finance Code
§ 180.003 — EXEMPTION
FI § 180.003Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 180. RESIDENTIAL MORTGAGE LOAN ORIGINATORS · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)The following persons are exempt from this chapter:
(1)a registered mortgage loan originator when acting for an entity described by Section 180.002(16)(A)(i), (ii), or (iii);
(2)an individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual;
(3)a licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney:
(A)takes a residential mortgage loan application; and
(B)offers or negotiates the terms of a residential mortgage loan;
…
Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 61, eff. September 1, 2011. Acts 2015, 84th Leg., R.S., Ch. 258 (S.B. 1203), Sec. 3, eff. September 1, 2015. Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 4, eff. January 1, 2022.