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.
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| 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 |
