Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 55 - RESIDENTIAL MORTGAGE LOAN ORIGINATORS
Subchapter C - DUTIES AND RESPONSIBILITIES
Section 55.204 - Books and Records
An originator sponsored by a mortgage company licensed by SML must comply with the books and records requirements in § 56.204 of this title (relating to Books and Records). An originator sponsored by a mortgage banker registered with SML must comply with the books and records requirements in § 57.204 of this title (relating to Books and Records). An originator fulfills the requirements of § 56.204 of this title and § 57.204 of this title, as applicable, if his or her sponsoring mortgage company or mortgage banker maintains the required books and records on behalf of the originator. An originator must work diligently and cooperatively with his or her sponsoring mortgage company or mortgage banker to ensure that the records arising from the originator's work are properly maintained by the mortgage company or mortgage banker sponsoring his or her license.