Recent News

Mortgage Origination, Mortgage Servicing

Precomment Draft and Stakeholders Webinar Notice: Mortgage Regulation Rule Review

Last Updated on June 20, 2024 Revised June 7, 2024:  SML plans to present the rules to the Finance Commission at its August 16, 2024... Read More Precomment Draft and Stakeholders Webinar Notice: Mortgage Regulation Rule Review

Mortgage Origination

Precomment Draft Notice: Home Equity Lending Rule Review

Last Updated on May 9, 2024 The Joint Financial Regulatory Agencies intend to present amendments to Title 7, Chapter 151 of the Texas... Read More Precomment Draft Notice: Home Equity Lending Rule Review

Mortgage Origination

Advance Rule Review Notice: Home Equity Lending Interpretations

Last Updated on March 4, 2024 The Joint Financial Regulatory Agencies intend to conduct a rule review regarding home equity lending. The... Read More Advance Rule Review Notice: Home Equity Lending Interpretations

Mortgage Origination

Adopted Rules Notice: RMLO Military Licensing Requirements (7 TAC § 81.103)

Last Updated on November 29, 2023 Effective November 19, 2023, the Department of Savings and Mortgage Lending adopted amendments to 7 Texas... Read More Adopted Rules Notice: RMLO Military Licensing Requirements (7 TAC § 81.103)

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.

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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