Recent News

Mortgage Origination

New Rules – Authorization for Remote Work

Last Updated on November 5, 2021 Effective November 4, 2021, the Department of Savings and Mortgage Lending adopted new rules (regulations)... Read More → New Rules – Authorization for Remote Work

Mortgage Origination

Intermittent Outages with NMLS

Last Updated on November 4, 2021 Due to higher than normal volume relating to renewals, the Nationwide Mortgage Licensing Systems and... Read More → Intermittent Outages with NMLS

In the Media

PRESS RELEASE – Multi-State Settlement on Rocket Mortgage Advertising Practices

Last Updated on September 23, 2021 AUSTIN – The Department of Savings and Mortgage Lending (SML), an agency of the State of Texas,... Read More → PRESS RELEASE – Multi-State Settlement on Rocket Mortgage Advertising Practices

Department of Savings and Mortgage Lending

What We Do

The Department of Savings and Mortgage Lending is an agency of the State of Texas and is subject to the oversight and under the jurisdiction of the Finance Commission of Texas. The Department has two key areas of regulatory responsibility:  the chartering, regulation and supervision of the state’s thrift industry; and the licensing/registration and regulation of the state’s mortgage industry. These two areas of responsibility cover the vast majority of residential mortgage lending in Texas.

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State Agency Established in Texas
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Combined Assets Regulated in State Chartered Savings Banks
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Residential Mortgage Loan Originators Regulated in Texas
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Mortgage Related Entities Regulated throughout Texas
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