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Become A Mortgage Broker In Texas
Posted to: Mortgage License Information
Thursday, September 04, 2008 4:26 PM
Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Texas or anyone looking to become a mortgage broker in Texas. The Texas Savings and Loan Department, http://www.tsld.state.tx.us , an agency of the Finance Commission of Texas, regulates the Mortgage Brokers and loan officers doing business within the state. Licensing became effective under the new Mortgage Broker License Act (MBLA) effective January 1, 2000. In Texas a Mortgage Broker is any individual who receives an application from a prospective borrower to attempt to obtain a Mortgage Loan. Applicants who desire to become a Mortgage Broker in Texas pay a $280 application fee and a $10 fee to the Mortgage Broker Recovery Fund. The applicant also pays $39 for an FBI criminal...
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