Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 79 - RESIDENTIAL MORTGAGE LOAN SERVICERS
Subchapter A - REGISTRATION
Section 79.4 - Bond Requirement
Universal Citation: 7 TX Admin Code ยง 79.4
Current through Reg. 49, No. 38; September 20, 2024
(a) Bonds submitted for the approval of a Residential Mortgage Loan Servicer registration application must be on the prescribed form and for the amount determined applicable under Finance Code § RSA 158.055(b) or (c).
(b) The name of the principal insured on the bond must match exactly the name filed with the Texas Secretary of State, if applicable. If the bond is a paper bond, it must include the surety seal and an attached power of attorney.
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