This legislative update summarizes bills from the 2019 Legislative Session that are effective on or after September 1, 2019, that we believe are of interest to our clients. Previous to this legislative update, we issued Legislative Update I, summarizing Senate Bill 2330 granting certain individuals temporary authority to act as residential mortgage loan originators in Texas; Legislative Update II, summarizing Senate Bill 614 and House Bill 1442 that continue in existence the Finance Commission of Texas, the Department of Banking, the Savings and Mortgage Lending Department, and the Office of Consumer Credit Commissioner; and Legislative Update III, summarizing bills effective immediately. Legislative Updates I, II and III are found on the Resources page of the firm’s website www.bmandg.com.
Full Memorandum
