WhyYou Need To Read This Article on Texas Motorcycle Loans

Austin Private Loans

If you have submitted an application for a new license, a license renewal, or any change affecting a current license, you can click on the Mortgage Broker - Loan Officer Search - Status Page to see if the action has been entered and the current status of your application. The department is working to improve the search page to provide you as much information as possible but we recognize that much improvement is still needed. If you have a new or renewal application pending and have NOT received a fax or email informing you of the items missing from your request, you should contact the division for additional information. #BREAK#



Texas Financial Depository - Inset #02 I am a real estate sales person. Am I exempt from the Mortgage Broker License Act? NO. Real estate brokers and sales persons are NOT EXEMPT from the Act. If you are brokering loans secured by one-to-four family residential real estate, you must apply for and establish that you meet all of the multiple criteria for a mortgage broker license. A real estate broker's license qualifies for one of the criteria; the experience requirement. A real estate sales license does not meet the experience requirement for a mortgage broker license under the statute. Furthermore, if you are not currently licensed as an active real estate broker in Texas (e.g., you are licensed in another state or, although licensed in Texas your license has lapsed), you would not meet the experience requirements for a mortgage broker license.

Quoted from the Texas Motorcycle Loans Piece

0006-1 The law does not preclude a person from serving As a mortgage broker or loan officer and a real estate agent on the same Transaction. However, the Mortgage Broker License Act requires that the mortgage Broker or Loan Officer provide a written disclosure to the client, in advance And obtain the client's written consent. A form for making this disclosure can Be found and downloaded from this web site.