Adopted Rules Notice: Mortgage Books and Records
May 17, 2022 | | Mortgage Origination
Effective May 14, 2022, the Department of Savings and Mortgage Lending adopted new rules (regulations) to provide clear guidance concerning the books and records that a mortgage company, mortgage banker, and individual residential mortgage loan originators (RMLOs) must maintain. The rules describe in greater detail the specific books and records that must be maintained.
The new rule pertaining to mortgage companies is available on the Texas Secretary of State website. The new rule pertaining to mortgage bankers and RMLOs is available on the Texas Secretary of State website.