Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 158.052 - Exemptions; Applicability(a) This chapter does not require registration by:(1) a federal or state depository institution, or a subsidiary or affiliate of a federal or state depository institution;(2) a person registered under Chapter 157;(3) a person licensed under Chapter 342 or regulated under Chapter 343, if the person does not act as a residential mortgage loan servicer servicing first-lien secured loans; or(4) a person making a residential mortgage loan with the person's own funds, or to secure all or a portion of the purchase price of real property sold by that person.(b) This chapter applies only to a residential mortgage loan servicer that services at least one residential mortgage loan.(c) Nothing in this chapter permits a person who is not otherwise exempt from this chapter to act as a residential mortgage loan originator, as defined by Section 180.002, without obtaining a license under the applicable provisions of law.Added by Acts 2011, 82nd Leg., R.S., Ch. 588, Sec. 1, eff. 9/1/2011.