Notice of Precomment Draft – Amendments to 7 TAC §79.1 and §79.2

Please take notice that, on behalf of the Finance Commission of Texas (the “Commission”), the Department of Savings and Mortgage Lending (SML or the Department) is considering amendments to 7 Texas Administrative Code (TAC), Chapter 79, Subchapter A, §79.1 and §79.2. The amendments were identified during the Department’s periodic review of Chapter 79, conducted pursuant to Government Code, §2001.039.

The Department issues this notice to solicit informal written comments to the rule amendments being considered, prior to potential consideration of the amendments by the Finance Commission. The Department will accept informal written precomments until 5:00 p.m. on May 25, 2020. The Department tentatively plans to present these rules for consideration by the Finance Commission at its June 19, 2020 meeting.

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