TX DOB Industry Notices

Texas AG Halts Foreclosures Due to Questionable Banking Practices

The Texas Attorney General has requested state-chartered banks and mortgage servicers to halt foreclosures due to questionable practices, such as signing documents without reading them or notarizing without presence. The Texas Department of Banking urges all state-chartered banks to review their foreclosure policies and procedures.

NMLS MLO Registration Fees Proposed

The Texas Department of Banking issued a notice regarding proposed federal registration fees for Mortgage Loan Originators (MLOs) by the Nationwide Mortgage Licensing System & Registry (NMLS). Financial institutions are encouraged to review and submit comments by November 12, 2010.