Texas § 157.030 COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES.

Texas Statutes

§ 157.030 — COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES.

Texas § 157.030

Code FIFinance Code

This text of Texas § 157.030 (COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 157.030 (2026).

Text

Sec. 157.030. COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES.

(a)On disbursement of mortgage proceeds to or on behalf of the residential mortgage loan applicant, the residential mortgage loan originator who assisted the applicant in obtaining the residential mortgage loan is considered to have completed the performance of the loan originator's services for the applicant and owes no additional duties or obligations to the applicant with respect to the loan.

(b)This section does not limit or preclude the liability of a residential mortgage loan originator for:

(1)failing to comply with this chapter, Chapter 156 , or a rule adopted under this chapter or Chapter 156 ;

(2)failing to comply with a provision of or duty arising under an agreement with a residential mortgage loan appli

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 157.030. COMPLETION OF RESIDENTIAL MORTGAGE ORIGINATION SERVICES. (a) On disbursement of mortgage proceeds to or on behalf of the residential mortgage loan applicant, the residential mortgage loan originator who assisted the applicant in obtaining the residential mortgage loan is considered to have completed the performance of the loan originator's services for the applicant and owes no additional duties or obligations to the applicant with respect to the loan.
(b) This section does not limit or preclude the liability of a residential mortgage loan originator for:
(1) failing to comply with this chapter, Chapter 156 , or a rule adopted under this chapter or Chapter 156 ;
(2) failing to comply with a provision of or duty arising under an agreement with a residential mortgage loan applicant under this chapter or Chapter 156 ; or
(3) violating any other state or federal law.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 1147 (H.B. 2779 ), Sec. 8, eff. April 1, 2010. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 80, eff. September 1, 2013.