This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.
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Legal Citations
Origin:
Purpose
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Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Created per Finance Code § 156.2081(f) in 2005 by H.B. 955, S.B. 1605, 79th Leg., R.S. If a mortgage broker or loan officer is denied license renewal, the person may request a hearing and pay a deposit to secure payment of hearing costs in an amount determined by the commissioner, up to $500. The entire deposit shall be refunded to the person if they prevail in the hearing. If they do not prevail, any portion of the deposit in excess of hearing costs shall be refundable. Effective 9-1-09, Department of Savings and Mortgage Lending, Agency 450, became semi-independent self directed agency. All funds held with the Texas Safekeeping Trust Company per H.B. 2774, 81st Leg., R.S.
USAS Values
| USAS Title | MORT BROKER/LOAN OFF SEC TR FD |
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| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |