Unless prohibited by federal or state law, this chapter may not be construed to prevent affiliated or controlled business arrangements or loan origination services by or between residential mortgage loan originators, sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter, and other professionals if the residential mortgage loan originator complies with all applicable federal and state laws permitting those arrangements or services.
Tex. Fin. Code § 156.005
AFFILIATED BUSINESS ARRANGEMENTS
Known as the Residential Mortgage Loan Company Licensing and Registration Act
The act spans §§ 156.001–156.556 (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.