Section 80.205 - Mortgage Call Reports(a) Call Report. (1) A mortgage company must file a mortgage call report on a quarterly basis. The filing deadlines are set by NMLS .(2) A call report is required to be filed for each quarter a license is held, including partial quarters.(3) The call report must be submitted through and in the manner and form prescribed by NMLS.(b) Statement of Condition Report. (1) A mortgage company must file a statement of condition on an annual basis.(2) A statement of condition report is required to be filed for each year a license is held, including partial years.(3) The statement of condition report must be submitted through and in the manner and form prescribed by NMLS.(c) Submission of a call report or statement of condition report, by a mortgage company satisfies the requirements of an originator sponsored by the mortgage company to submit a mortgage call report, as required by Tex. Fin. Code §180.101 for the period of sponsorship, provided that the sponsored originator's information is included in the report.(d) Failure to file a mortgage call report or a statement of condition report may result in disciplinary action, including, but not limited to, imposition of an administrative penalty.7 Tex. Admin. Code § 80.205
The provisions of this §80.205 adopted to be effective July 5, 2012, 37 TexReg 4866; amended to be effective September 5, 2013, 38 TexReg 5702; Amended by Texas Register, Volume 41, Number 26, June 24, 2016, TexReg 4639, eff. 6/30/2016; Amended by Texas Register, Volume 46, Number 01, January 1, 2021, TexReg 0153, eff. 1/3/2021