81st Texas Legislature, Regular Session, House Bill 2779, Chapter 1147 Page: 8 of 27
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H.B. No. 2779
1 mortgage loan originator license if the commissioner finds that the
2 applicant meets all of the requirements and conditions for the
3 license.
4 (f) The commissioner may deny the renewal application for a
5 residential mortgage loan originator license for the same reasons
6 and grounds on which the commissioner could have denied an original
7 application for a license.
8 (g) The commissioner may deny the renewal application for a
9 residential mortgage loan originator license if:
10 (1) the person seeking the renewal of the residential
11 mortgage loan originator license is in violation of this chapter or
12 Chapter 180, an applicable rule adopted under this chapter or
13 Chapter 180, or any order previously issued to the person by the
14 commissioner;
15 (2) the person seeking renewal of the residential
16 mortgage loan originator license is in default in the payment of any
17 administrative penalty, fee, charge, or other indebtedness owed
18 under this title;
19 (3) the person seeking the renewal of the residential
20 mortgage loan originator license is in default on a student loan
21 administered by the Texas Guaranteed Student Loan Corpor'ation,
22 under Section 57.491, Education Code; or
23 (4) during the current term of the license, the
24 commissioner becomes aware of any fact that would have been grounds
25 for denial of an original license if the fact had been known by the
26 commissioner on the date the license was granted.
27 Sec. 157.016. RENEWAL AFTER EXPIRATION OF LICENSE; NOTICE.8
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2779, Chapter 1147, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148605/m1/8/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.