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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

Agency Information

Notice of Precomment Draft and Stakeholders Webinar – Chapter 78, Wrap Mortgage Loans

Last Updated on September 29, 2021 The Department of Savings and Mortgage Lending (SML or the Department) is considering new rules in 7... Read More → Notice of Precomment Draft and Stakeholders Webinar – Chapter 78, Wrap Mortgage Loans

Mortgage Origination

Search Committee and FY2022 Fees

Last Updated on September 22, 2021 At the August Finance Commission meeting, Will Lucas, President/CEO of Shelby Savings Bank, and Chairman... Read More → Search Committee and FY2022 Fees

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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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