81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317 Page: 2 of 47
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H.B. No. 2774
1 SECTION 4. Sections 156.104(a), (b), and (h), Finance Code,
2 are amended to read as follows:
3 (a) The mortgage industry [b-eker] advisory committee is
4 created to advise and assist the commissioner.
5 (b) The advisory committee is composed of six members [t-e
6 ~e] appointed by [s fols1:r I .
7 [-()] the commissioner. Each of the members must be
8 [shll appoint fo members e hf w]hm]:
9 (1) under the regulatory authority of the department
10 [( A) m us ]; h a l ;
11 (2) [(E) i4] actively engaged in the business of
12 originating, brokering, or funding residential mortgage loans at
13 the time of appointment; and
14 (3) [(C) .s be-e] primarily engaged in the business
15 of originating, brokering, or funding residential mortgage loans
16 for at least two years before the member's appointment [an
17 [{(2) tht T s Rea: Estat Cmisi hl1 appoi:t
18 to mmes eacrht:. of whom mut hIl aQ ral:estat .rke: r or
19 salesp r licnse]
20 (h) In addition to other powers and duties delegated to it
21 by the commissioner, the advisory committee shall advise the
22 commissioner with respect to:
23 (1) the proposal and adoption of rules relating to:
24 (A) the licensing of mortgage brokers and loan
25 officers;
26 (B) the education and experience requirements
27 for licensing mortgage brokers and loan officers; and
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148604/m1/2/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.