Issue 89.3 Every member. Every member will have a voice” – new Texas House Speaker Dustin Burrows Doug Foster Director of Regulatory Affairs doug.foster@mortgagelaw.com In first round voting Rep. Burrows fell five votes short of the ... Read More
89th Texas Legislature
Issue 89.2 Never spend your money before you have it. – Thomas Jefferson Doug Foster Director of Regulatory Affairs doug.foster@mortgagelaw.com Tomorrow kicks off the 140-day long 89th Texas Legislative Session. The ... Read More
89th Texas Legislature
Issue 89.1 The Real Politicians of Austin Doug Foster Director of Regulatory Affairs doug.foster@mortgagelaw.com Even someone like myself whose knowledge of the Real Housewives TV series is limited to just commercials ... Read More
MortgageLaw Minute: Texas Department of Savings and Mortgage Lending New Rules and Other Changes of Note
December is always a busy month for The Texas Department of Savings and Mortgage Lending (“SML”). Annual license renewals are the biggest matter, and this year comes with some changes. Both SML and NMLS have issued updates on Continuing Education ... Read More
MortgageLaw Minute – Lenders Beware: The CFPB’s “Repeat Offender” Registry Is On The Horizon
September 16, 2024, is the effective date for the final rule creating the CFPB Nonbank Registry for covered nonbank financial institutions, also known as the “Repeat Offender” Registry. The rule requires nonbanks that offer consumer financial ... Read More
MortgageLaw Minute: Texas Department of Savings and Mortgage Lending Issues Proposed Rule Changes
All Texas state agencies are required to review their rules for relevancy every four years. The mortgage regulations for the Texas Department of Savings and Mortgage Lending (“SML”) are now in that cycle, and SML has created a 141-page pre-comment ... Read More
