| (a) Call Report.
(1) A mortgage company must file a mortgage call report
on a quarterly basis. The filing deadlines are set by NMLS.
(2) A call report is required to be filed for each
quarter a license is held, including partial quarters.
(3) The call report must be submitted through and in
the manner and form prescribed by NMLS.
(b) Statement of Condition Report.
(1) A mortgage company must file a statement of condition
on an annual basis.
(2) A statement of condition report is required to
be filed for each year a license is held, including partial years.
(3) The statement of condition report must be submitted
through and in the manner and form prescribed by NMLS.
(c) Submission of a call report or statement of condition
report, by a mortgage company satisfies the requirements of an originator
sponsored by the mortgage company to submit a mortgage call report,
as required by Tex. Fin. Code §180.101 for the period of sponsorship,
provided that the sponsored originator's information is included in
the report.
(d) Failure to file a mortgage call report or a statement
of condition report may result in disciplinary action, including,
but not limited to, imposition of an administrative penalty.
|
| Source Note: The provisions of this §80.205 adopted to be effective July 5, 2012, 37 TexReg 4866; amended to be effective September 5, 2013, 38 TexReg 5702; amended to be effective June 30, 2016, 41 TexReg 4639; amended to be effective January 3, 2021, 46 TexReg 151 |
