Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 51 - DEPARTMENT ADMINISTRATION
Subchapter F - MORTGAGE GRANT FUND: RECOVERY CLAIMS FOR UNLICENSED ACTIVITY
Section 51.500 - Purpose and Applicability
Universal Citation: 7 TX Admin Code ยง 51.500
Current through Reg. 49, No. 38; September 20, 2024
The rules contained in 7 TAC Chapter 51, subchapter F govern the Commissioner's administration of Finance Code § 156.555, allowing for claims to be made against the Mortgage Grant Fund to compensate persons for actual out-of-pocket damages incurred because of fraud committed by an individual who acted as a residential mortgage loan originator but who did not hold the required license issued under Finance Code Chapter 157.
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