In the August 29, 2025, issue of the Texas Register, (Volume 50, Pages 5513-17), the Finance Commission of Texas on behalf of the Texas Department of Savings and Mortgage Lending (“SML”) and the Texas Office of the Consumer Credit Commissioner (“OCCC”) proposed rule amendments to the Texas Administrative Code to implement the requirements of recently passed House Bill 5629 and Senate Bill 1818. The proposed rules will amend 7 TAC 55.110, which governs residential mortgage loan originators licensed by SML as well as 7 TAC 2.108, which governs residential mortgage loan originators licensed by OCCC.
Full Memorandum
