Tex. Finance Code § 157.016
REINSTATEMENT AFTER EXPIRATION OF LICENSE; NOTICE
Texas · Texas Finance Code · Status: effective
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- Tex. Finance Code § 157.016, REINSTATEMENT AFTER EXPIRATION OF LICENSE; NOTICE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646403
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(a) A person whose residential mortgage loan originator license has expired may not engage in activities that require a license until the license has been reinstated or a new license has been issued.
(b) A person whose residential mortgage loan originator license has not been renewed before January 1 but who is otherwise eligible to renew a license, and does so before March 1, may renew the license by paying the commissioner a reinstatement fee in an amount that is equal to 150 percent of the required renewal fee.
(c) A person whose residential mortgage loan originator license has not been renewed before March 1 may not renew the license. The person may obtain a new license by complying with the requirements and procedures for obtaining an original license.
(d) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 65(a)(13), eff. September 1, 2011.