Texas Finance Code 180.059 – Standards for License Renewal
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Terms Used In Texas Finance Code 180.059
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A license to act as a residential mortgage loan originator may be renewed on or before its expiration date if the license holder:
(1) continues to meet the minimum requirements for license issuance;
(2) pays all required fees for the renewal of the license; and
(3) provides satisfactory evidence that the license holder has completed the continuing education requirements of § 180.060.