This chapter does not prohibit a residential mortgage loan originator sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter from receiving compensation from a party other than the mortgage applicant for the sale, transfer, assignment, or release of rights on the closing of a mortgage transaction.
Tex. Fin. Code § 156.003
SECONDARY MARKET TRANSACTIONS
Known as the Residential Mortgage Loan Company Licensing and Registration Act
The act spans §§ 156–156 (53 sections).
Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.