(a) This chapter does not require registration by:
(1) a federal or state depository institution, or a subsidiary or affiliate of a federal or state depository institution;
(2) a person registered under Chapter 157;
(3) a person licensed under Chapter 342 or regulated under Chapter 343, if the person does not act as a residential mortgage loan servicer servicing first-lien secured loans; or
(4) a person making a residential mortgage loan with the person's own funds, or to secure all or a portion of the purchase price of real property sold by that person.
(b) This chapter applies only to a residential mortgage loan servicer that services at least one residential mortgage loan.
(c) Nothing in this chapter permits a person who is not otherwise exempt from this chapter to act as a residential mortgage loan originator, as defined by Section 180.002, without obtaining a license under the applicable provisions of law.