Texas Finance Code 157.006 – Registration and Administration Fee
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Terms Used In Texas Finance Code 157.006
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Year: means 12 consecutive months. See Texas Government Code 311.005
The commissioner may charge a mortgage banker a reasonable fee to cover the costs of the registration and of administering this chapter. The fee may not exceed $500 a year.