The Finance Commission of Texas, on behalf of the Texas Department of Savings and Mortgage Lending (“SML”), published final changes to existing rules and added new rules to the Texas Administration Code governing residential mortgage loan companies, mortgage bankers, individual residential mortgage loan originators, mortgage servicers, and wrap mortgage loans, as previously discussed here.
Entities that collect, aggregate, evaluate, sell, resell, license, enable the use of, or share personal and financial consumer information with other parties.
The CFPB recently proposed a rule that would restrict the sale of the sensitive personal data of consumers by certain companies, termed “data brokers”. The proposed rule would amend Regulation V to include such data brokers in the definition for “consumer reporting agencies” which would impose on them all of the same accuracy requirements, free provision of their information to the consumer who is the subj
In early December, FHA published Mortgagee Letter 2024-23 (ML 2024-23) to revise the Cyber Incident reporting requirements for FHA-approved lenders. Earlier this year in May, FHA published Mortgagee Letter 2024-10 (ML 2024-10) to add Cyber Incident reporting requirements to FHA-approved lender’s responsibilities. ML 2024-10 added to the FHA Single Family Housing Policy Handbook a definition of a Cybersecurity Incident, a standard for reporting an incident to
Revised Document: Texas Residential Mortgage Loan Servicer Registrant Required Disclosure
TXRD.MSC
7 TAC Chapter 55, 56, 57, 58
Updated font to 12 point per Texas statute requirement for disclosures/notice. (Date of Release to Production: 12/30/24)
Revised Document: Texas Mortgage Banker Disclosure Regarding Loan Servicing
TXMBDRLS.MSC
7 TAC Chapter 55, 56, 57, 58
Updated font to 12 point per Texas statute requirement for disclosures/notice. (Date of Release to Production: 12/30/24)
Revised Document: Texas Mortgage Banker Conditional Pre-Qualification Letter
TXMBCQL.MSC
7 TAC Chapter 55, 56, 57, 58
Updated font to 12 point per Texas statute requirement for disclosures/notice. (Date of Release to Production: 12/30/24)
Revised Document: Texas Mortgage Banker Conditional Approval Letter
TXMBCAL.MSC
7 TAC Chapter 55, 56, 57, 58
Updated font to 12 point per Texas statute requirement for disclosures/notice. (Date of Release to Production: 12/30/24)
Revised Document: Texas Lock-In Agreement
TXLIA.MSC
7 TAC Chapter 55, 56, 57, 58
Updated font to 12 point per Texas statute requirement for disclosures/notice. (Date of Release to Production: 12/30/24)
