Last Updated on September 10, 2025
On August 15, 2025, the Finance Commission of Texas approved the FY2026 budget for the Department of Savings and Mortgage Lending (SML). The budget established the license and registration fees for FY2026, including for the upcoming annual renewal period which begins November 1, 2025.
The initial application and renewal license and registration fees are unchanged for FY2026. This means no increases to existing fees for licensees and registrants.
In accordance with Texas Finance Code §§ 156.2081 and 157.016, licensees that do not timely renew and seek reinstatement of the license are charged a fee equal to 150% of the base license fee. The reinstatement fee applies to the following license types:
- Residential Mortgage Loan Companies (including mortgage companies, independent contractor loan processor or underwriter companies, and credit union subsidiary organizations)
- Individual Residential Mortgage Loan Originators
To avoid the reinstatement fee, these entities and individuals must renew their license in the Nationwide Multistate Licensing System (NMLS) on or before December 31, 2025.
The updated fee schedule became effective September 1, 2025.
For more information, please visit the Texas SML website or contact SML directly with any questions regarding licensing or compliance.
