Texas Finance Code 158.053 – Application for Registration; Fee
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(a) To register under this chapter, a residential mortgage loan servicer shall file with the commissioner an application for registration that must:
(1) be in writing;
(2) be under oath;
(3) be in the form prescribed by the commissioner; and
(4) contain:
(A) the name and the address of the principal place of business of the applicant; and
(B) the name, title, and address of the person authorized by the applicant to respond to complaints.
(b) At the time of making application, the applicant shall pay to the commissioner a registration fee in an amount not to exceed $500 as determined by the finance commission.
Terms Used In Texas Finance Code 158.053
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) An applicant is not required to pay a registration fee under Subsection (b) if the applicant:
(1) collects delinquent consumer debts owed on residential mortgage loans;
(2) does not own the residential mortgage loans for which the applicant acts as a residential mortgage loan servicer; and
(3) is a third-party debt collector that has filed a bond in compliance with Chapter 392.