State of Texas – Fiscal Management

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Revenue Object 3175 – Professional Fees – Mortgage Banker/Mortgage Broker/Loan Officer
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Local

This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Legal Citations:
  • Finance Code sec. 156.2012, sec. 156.211, sec. 156.212, sec. 156.302, sec. 156.406, sec. 156.502, sec. 157.006, sec. 157.0061, sec. 157.0062, sec. 157.013, sec. 157.015, sec. 157.019, sec. 157.023, sec. 157.031, sec. 158.053, sec. 158.058, sec. 158.105
Revenue Type: Cash — Business Regulation
Origin Date: September 1, 1999 by S.B. 1074, 76th Leg., R.S.
Issue Date:
Revised Date: 2020-10-29

Description

Residential mortgage loan company license fee and renewal fee, no more than $375 each. Recovery fund fee of $20.

Residential mortgage loan originator license fee and renewal fee, no more than $500 each. Recovery fund fee of $20.

Mortgage banker registration fee and administration fee and renewal fee, no more than $500 per year each.

Additional fees include:

  • Residential mortgage loan company change of address fee of $25. 
  • Mortgage loan company sponsor of loan originator, a fee of $25.
  • For multiple places of business, $50 for each additional license certificate.
  • Reinstatement fee of $25.
  • Hearing deposit $500. 
  • Probationary and provisional licenses set by commission.

Registered financial services company annual registration fee and renewal, no more than $500 each.

Residential mortgage loan servicers for residential mortgage loan must pay a registration and renewal fee, each up to $500.

Due Date

 At the time of application, renewal, or filing.

Deposit Funds

  • Deposited to account in Texas Safekeeping Trust Company.

Notes

Amended by H.B. 1636 and H.B. 1763, 77th Leg., R.S.

Amended by S.B. 252, 78th Leg., R.S.

Agency name changed by H.B. 955, 79th Leg., R.S.

Amended by H.B. 2783, 80th Leg., R. S.

Amended by H.B. 1716, 80th Leg., R.S.

Amended by H.B. 2774, 81st Leg., R.S. Amounts were deposited to General Revenue Fund (No. 0001) and the Mortgage Broker Recovery Trust Fund (No. 0848). Effective 9-1-09, H.B. 2774 made the Department of Savings and Mortgage Lending, Agency 450, a semi-independent agency with funds in the Texas Safekeeping Trust Company.

H.B. 2779, 81st Leg., R.S. added residential mortgage loan originator license fee of $500.

Loan servicers added by S.B. 17, 82nd Leg., R.S.

Various titles and administrative penalties amended by S.B. 1124, 82nd Leg., R.S.

S.B. 1004, 83rd Leg., R.S. changed financial services fee from one based on number of agents to $500.

USAS Values

Appropriation Year 26
USAS Title PROFESSIONAL FEES
Receipt Category 03 – Business Regulation
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES



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