Texas Finance Code 157.0061 – Renewal of Registration
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(a) The registration of a mortgage banker expires on December 31 of the year in which the registration is approved and must be renewed annually.
(b) To renew a registration, a mortgage banker must comply with the requirements of § 157.003 and pay a renewal fee in an amount not to exceed $500.
Terms Used In Texas Finance Code 157.0061
- 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