81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317 Page: 3 of 47
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27H.B. No. 2774
(C) conduct and ethics of mortgage brokers and
loan officers;
(2) the form of or format for any applications or other
documents under this chapter; and
(3) the interpretation, implementation, and
enforcement of this chapter.
SECTION 5. Effective April 1i, 2010, Section 156.104,
Finance Code, is amended by adding Subsection (b-1) to read as
follows:
(b-1) The members of the committee must include:
(1) three individuals licensed as residential
mortgage loan originators under this chapter, one of whom must hold
an active real estate broker or salesperson license issued under
Chapter 1101, Occupations Code; and
(2) three individuals licensed as residential
mortgage loan originators under Chapter 157, one of whom must hold
an active real estate broker or salesperson license issued under
Chapter 1101, Occupations Code.
SECTION 6. Section 156.202, Finance Code, is amended to
read as follows:
Sec. 156.202. EXEMPTIONS. (a) The following persons are
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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/m1/3/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.