The Department of Savings and Mortgage Lending (SML or the Department) is considering repeals, new rules, and amendments to 7 Texas Administrative Code (TAC), Chapter 80, affecting licensed mortgage companies, and Chapter 81, affecting mortgage bankers and residential mortgage loan originators. The rule changes were identified during the Department’s periodic review of its rules conducted pursuant to Government Code § 2001.039. This notice contains an overview of the rule changes being considered, followed by the text of such rule changes.
The Department will hold a stakeholder webinar on July 16, 2021 at 9:00 a.m. to discuss the pre-comment draft of the rule changes.
