SECTION 51.500. Purpose and Applicability

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The rules contained in 7 TAC Chapter 51, subchapter F govern the Commissioner's administration of Finance Code §156.555, allowing for claims to be made against the Mortgage Grant Fund to compensate persons for actual out-of-pocket damages incurred because of fraud committed by an individual who acted as a residential mortgage loan originator but who did not hold the required license issued under Finance Code Chapter 157.

Source Note: The provisions of this §51.500 adopted to be effective July 14, 2022, 47 TexReg 3962

                    
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