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Tex. Finance Code § 156.004

DISCLOSURE TO APPLICANT

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 156.004, DISCLOSURE TO APPLICANT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646320
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(a) At the time an applicant submits an application to a residential mortgage loan originator sponsored by and conducting business for a licensed or registered residential mortgage loan company under this chapter, the residential mortgage loan originator shall provide to the applicant a disclosure that specifies: (1) the nature of the relationship between the applicant and the residential mortgage loan originator; (2) the duties the residential mortgage loan originator has to the applicant; and (3) how the residential mortgage loan originator will be compensated. (b) The finance commission, by rule, shall adopt a standard disclosure form to be used by the residential mortgage loan originator.