A Texas originator asks in 2026 which single license covers every kind of residential mortgage work in the state. How is the applicable Texas licensing chapter determined rather than freely selected?
Correct Answer
D) None: one of 6 chapters applies, chosen by employer and product
An individual may not originate as to a Texas dwelling unless licensed under Chapter 156, 157, 342, 347, 348 or 351 and in compliance with Chapter 180, so which chapter applies depends on the entity and the lending being done. Other choices: Chapter 180 sets the standards that run across all of them rather than issuing a license; Chapter 156 is one of the six; and the applicant does not choose, the business does. Source: Tex. Fin. Code sec. 180.051(a)
Why This Is the Correct Answer
An individual may not originate as to a Texas dwelling unless licensed under Chapter 156, 157, 342, 347, 348 or 351 and in compliance with Chapter 180, so which chapter applies depends on the entity and the lending being done. Other choices: Chapter 180 sets the standards that run across all of them rather than issuing a license; Chapter 156 is one of the six; and the applicant does not choose, the business does. Source: Tex. Fin. Code sec. 180.051(a)
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