Mortgage Call Report Version 7 (MCR FV7) Guidance for Q1 2026 Implementation
Summary
The Texas Department of Savings and Mortgage Lending (SML) has issued guidance on implementing Mortgage Call Report Form Version 7 (MCR FV7), effective for the Q1 2026 reporting period. Submissions open April 1, 2026 with a May 15, 2026 deadline. SML will not pursue enforcement for late Q1 2026 filings on a case-by-case basis but requires licensees and registrants to make good faith efforts to submit accurate data, as placeholder filings are not acceptable.
What changed
SML has issued guidance on MCR FV7, the new version of the Mortgage Call Report form required for Texas-licensed mortgage originators and registrants. The guidance clarifies the Q1 2026 implementation timeline, submission requirements, and SML's enforcement approach during the transition period. Key requirements include accurate data submissions (no placeholder filings) and immediate amendment of any discovered errors.\n\nAffected licensees and registrants must prepare systems for MCR FV7 reporting with a Q1 2026 submission deadline of May 15, 2026. While SML will exercise discretion on late filings during Q1 2026, it emphasizes that accurate, good faith submissions are required. Industry support is available through CSBS XML specifications, testing beginning January 2026, and Office Hours through April 2026.
What to do next
- Make good faith effort to submit accurate Q1 2026 MCRs by May 15, 2026
- Do not submit placeholder filings with inaccurate data to meet timing requirements
- Amend MCRs immediately upon discovering errors after filing
Archived snapshot
Apr 18, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Home Agency Information, Mortgage Origination Announcement: Mortgage Call Report Version 7 (MCR FV7) Guidance
Announcement: Mortgage Call Report Version 7 (MCR FV7) Guidance
December 17, 2025 | Agency Information, Mortgage Origination | Department of Savings and Mortgage Lending
Last Updated on December 17, 2025
Announcement: Mortgage Call Report Version 7 (MCR FV7) Guidance
The Department of Savings and Mortgage Lending (SML) is issuing this announcement to provide guidance regarding the upcoming implementation of Mortgage Call Report Form Version 7 (MCR FV7), scheduled to begin with the Q1 2026 reporting period.
In alignment with the NMLS Policy Committee and the American Association of Residential Mortgage Regulators (AARMR), SML recognizes the importance of MCR FV7 in enhancing data quality, regulatory insight, and consistency across jurisdictions. The first reporting quarter for MCR FV7 is Q1 2026, with the submission window opening on April 1, 2026, and reports due by May 15, 2026.
While AARMR has encouraged state regulators to consider offering a grace period for Q1 2026 MCR filings, SML will not be providing a blanket grace period.
However, SML understands the operational and system challenges associated with this transition and will take the following approach:
- SML will not actively pursue enforcement actions for late Q1 2026 MCR filings, unless warranted for other reasons.
- Forbearance from enforcement actions may be considered on a case-by-case basis during examinations.
- Licensees and registrants must make a good faith effort to submit accurate Q1 2026 MCRs on time. “Placeholder” filings with inaccurate data are not acceptable and should not be used to meet the timing requirement.
- Licensees and registrants should immediately amend MCRs if errors are discovered after filing. To support industry readiness, the Conference of State Bank Supervisors (CSBS) has released XML specifications (as of October 31, 2025), will offer a testing option beginning in January 2026, and is hosting “Office Hours” from November 2025 through April 2026 to assist with implementation. Information about MCR FV7 can be found on the NMLS State & Agency News page. The MCR Form Version 7 field definitions, sample Excel form, and schema are available on the NMLS Resource Center page.
For questions regarding the filing of Mortgage Call Reports (MCRs), please contact: .
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