Texas Finance Code 157.0023 – Rulemaking Authority
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(a) The Finance Commission of Texas may adopt rules necessary to implement or fulfill the purpose of this chapter.
(b) The Finance Commission of Texas may by rule adopt standard forms for, and require the use of the forms by, a mortgage banker who represents that an applicant for a loan is preapproved or has prequalified for the loan.
Terms Used In Texas Finance Code 157.0023
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Rule: includes regulation. See Texas Government Code 311.005
(c) The finance commission may adopt rules under this chapter as required to carry out the intentions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Pub. L. No. 110-289).