Texas § 341.603 FUNDING.

Texas Statutes

§ 341.603 — FUNDING.

Texas § 341.603

Code FIFinance Code

This text of Texas § 341.603 (FUNDING.) 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. § 341.603 (2026).

Text

Sec. 341.603. FUNDING.

(a)An applicant for an original residential mortgage loan originator license issued under Chapter 342 , 347 , 348 , or 351 or for renewal of a residential mortgage loan originator license issued under Chapter 342 , 347 , 348 , or 351 shall, in addition to paying the original application fee or renewal fee, pay a fee in an amount determined by the commissioner. The fee shall be deposited in the fund.

(b)If the balance remaining in the fund at the end of a calendar year is more than $2.5 million, the amount of money in excess of that amount shall be available to the commissioner to offset the expenses of participating in and sharing information with the Nationwide Mortgage Licensing System and Registry in accordance with Chapter 180 .

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Sec. 341.603. FUNDING. (a) An applicant for an original residential mortgage loan originator license issued under Chapter 342 , 347 , 348 , or 351 or for renewal of a residential mortgage loan originator license issued under Chapter 342 , 347 , 348 , or 351 shall, in addition to paying the original application fee or renewal fee, pay a fee in an amount determined by the commissioner. The fee shall be deposited in the fund.
(b) If the balance remaining in the fund at the end of a calendar year is more than $2.5 million, the amount of money in excess of that amount shall be available to the commissioner to offset the expenses of participating in and sharing information with the Nationwide Mortgage Licensing System and Registry in accordance with Chapter 180 .