Texas Finance Code 156.212 – Maintenance and Location of Offices
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Terms Used In Texas Finance Code 156.212
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
If a residential mortgage loan company maintains an office separate and distinct from the company’s main office, whether located in this state or not, that conducts mortgage business with consumers of this state or regarding residential real estate in this state, the company shall apply for, pay a fee of $50 for, and obtain an additional license to be known as a branch office license for each additional office to be maintained by the company.