Enrolled Bill Summary

Senate Bill 1667 amends provisions of the Finance Code and Government Code relating to criminal background information on an individual applying for a mortgage broker or loan officer license. The bill requires an applicant to submit fingerprint and other required information to the savings and loan commissioner along with the license application. The bill authorizes the commissioner to send the fingerprint and other information to the Federal Bureau of Investigation (FBI) and designates the Department of Public Safety (DPS) to receive from the FBI any criminal history record information relating to that individual. The bill entitles the commissioner to obtain from the DPS any criminal background information the DPS maintains that pertains to an applicant or holder of a mortgage broker or loan officer license. The bill restricts the release or disclosure of information obtained from the FBI or DPS to only a governmental entity or as authorized by federal law.