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House Bill 3342 |
House Author: Parker |
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Effective: 1-1-18 |
Senate Sponsor: Buckingham |
Previous law required an individual who failed to maintain a residential mortgage loan originator license for a period of at least five consecutive years to retake the prelicensing education requirements prescribed by the federal S.A.F.E. Mortgage Licensing Act. House Bill 3342 amends the Finance Code to change that period to a period established by rule of the rulemaking authority.