Austin Student Loans - Continued Discussion

Trouble Finding a Dallas Mortgage Loans - Read On

Texas Financial Depository - Inset #16 What factors determine whether or not I need a license to be in compliance with Texas mortgage lending laws? Unless otherwise exempt from licensing in accordance with the Mortgage Broker License Act, Chapter 156.202, you are required to be licensed under the Mortgage Broker License Act if you: (1) take or receive a one-to-four family residential mortgage loan application and perform any one of the following activities: (a) advise a prospective borrower about the different type of loan products available, or how closing costs and monthly payments could vary under each product; (b) consult or discuss with a prospective borrower about the maximum amount the borrower can afford in mortgage payments; (c) provide certain disclosures to a prospective borrower or discuss or explain such disclosures; (d) determine the lender or investor that will potential fund the loan; or (e) issues or signs a prequalification letter or pre-approval letter or (2) you represent or hold yourself out as a "loan officer", "mortgage consultant", or "mortgage broker", or in any way represent that you are engaging in or conducting the business of originating loans. You may wish to consult the Mortgage Broker License Act Regulation, Chapter 80.1, for additional details.

Continued from the Personal Loans Houston Texas Expose

0005-5 Can they be a Loan Officer and a real estate agent On the same transaction?