81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317 Page: 4 of 47
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H.B. No. 2774
1 exempt from this chapter:
2 (1) any of the following entities or an employee of any
3 of the following entities provided the employee is acting for the
4 benefit of the employer:
5 (A) a bank, savings bank, or savings and loan
6 association, or a subsidiary or an affiliate of a bank, savings
7 bank, or savings and loan association;
8 (B) a state or federal credit union, or a
9 subsidiary, affiliate, or credit union service organization of a
10 state or federal credit union;
11 (C) an insurance company licensed or authorized
12 to do business in this state under the Insurance Code;
13 (D) a mortgage banker registered under Chapter
14 157;
15 (E) an organization that qualifies for an
16 exemption from state franchise and sales tax as a 501(c) (3)
17 organization;
18 (F) a Farm Credit System institution; or
19 (G) a political subdivision of this state
20 involved in affordable home ownership programs;
21 (2) an individual who makes a mortgage loan from the
22 individual's own funds to a spouse, former spouse, or persons in the
23 lineal line of consanguinity of the individual lending the money;
24 (3) an owner of real property who in any
25 12-consecutive-month period makes no more than five mortgage loans
26 to purchasers of the property for all or part of the purchase price
27 of the real estate against which the mortgage is secured;
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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/m1/4/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.