Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 80 - RESIDENTIAL MORTGAGE LOAN COMPANIES
Subchapter C - DUTIES AND RESPONSIBILITIES
Section 80.205 - Mortgage Call Reports
Universal Citation: 7 TX Admin Code ยง 80.205
Current through Reg. 49, No. 38; September 20, 2024
(a) Call Report.
(1) A mortgage company must file a
mortgage call report on a quarterly basis. The filing deadlines are set by NMLS
.
(2) A call report is required to
be filed for each quarter a license is held, including partial
quarters.
(3) The call report must
be submitted through and in the manner and form prescribed by NMLS.
(b) Statement of Condition Report.
(1) A mortgage company must file a statement
of condition on an annual basis.
(2) A statement of condition report is
required to be filed for each year a license is held, including partial
years.
(3) The statement of
condition report must be submitted through and in the manner and form
prescribed by NMLS.
(c) Submission of a call report or statement of condition report, by a mortgage company satisfies the requirements of an originator sponsored by the mortgage company to submit a mortgage call report, as required by Tex. Fin. Code §180.101 for the period of sponsorship, provided that the sponsored originator's information is included in the report.
(d) Failure to file a mortgage call report or a statement of condition report may result in disciplinary action, including, but not limited to, imposition of an administrative penalty.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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