TX Mortgage Regulation

RMLO Military Licensing Requirements (7 TAC § 55.110)

The Texas Department of Savings and Mortgage Lending adopted amendments to 7 TAC § 55.110, governing RMLO licensing for military service members, military veterans, and military spouses. The adopted rule takes effect November 16, 2025, and will be published in the Texas Register. Affected mortgage lenders and originating entities in Texas must ensure compliance with the updated licensing provisions for military applicants.

2025 Report on Mortgage Lending in Texas Released

The Texas Department of Savings and Mortgage Lending released the 2025 Report on Mortgage Lending in Texas, fulfilling the constitutional mandate under Article XVI, Section 50(s) of the Texas Constitution. The annual report provides analysis of residential mortgage lending activity, including breakdowns of permissible liens, loan types, closing costs, interest rates, and market share trends. This year's report includes a new section on artificial intelligence and emerging technologies in the mortgage industry, referencing the Texas Responsible Artificial Intelligence Governance Act.

New State-Specific Supplemental Form Requirement for Texas Mortgage Call Reports

The Texas Department of Savings and Mortgage Lending announces a new reporting requirement effective Q1 2026 for residential mortgage loan companies and mortgage bankers licensed or registered in Texas that engage in third-party mortgage loan processing or underwriting. Affected licensees must complete the 'Licensed Processors and Underwriters' section of the State-Specific Supplemental Form (SSSF) as part of their Mortgage Call Report submissions via NMLS. The requirement applies to Form Versions 6 and 7, covering data fields SF600 through SF660 including applications in process, received, returned, and completed counts and amounts.

Mortgage Call Report Version 7 (MCR FV7) Guidance for Q1 2026 Implementation

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.