SECTION 79.1. Definitions

As used in this chapter, and in the Department's administration and enforcement of Finance Code, Chapter 158, the following terms have the meanings indicated:

(1) "Commissioner" means the Savings and Mortgage Lending Commissioner appointed under Finance Code, Chapter 13.

(2) "Commissioner's designee" means an employee of the Department performing his or her assigned duties or such other person as the Commissioner may designate in writing. A Commissioner's designee is deemed to be the Commissioner's authorized "personnel or representative" as such term is used in the Act.

(3) "Department" means the Department of Savings and Mortgage Lending.

(4) "Nationwide Mortgage Licensing System and Registry" or "NMLS" means a mortgage licensing system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators for the licensing and registration of state residential mortgage loan originators.

(5) "Person" has the meaning assigned by Tex. Fin. Code §158.002.

(6) "The Act" means the Residential Mortgage Loan Servicer Registration Act, as provided by Tex. Fin. Code §158.001.

Source Note: The provisions of this §79.1 adopted to be effective January 5, 2012, 36 TexReg 9290; amended to be effective June 30, 2016, 41 TexReg 4638; amended to be effective January 7, 2021, 46 TexReg 150