Amend CSSB 1074 by striking subsection (b) in SECTION 2 of
the bill, proposed Section 156.201 (b), Finance Code (House
Committee Report, page 8, lines 26-27, and page 9, lines 1-3), and
adding the following:
      (b) An individual may not act or attempt to act as a loan
officer unless the individual at the time is:
            (1) licensed under this chapter;
            (2) sponsored by a licensed mortgage broker and acting
for the mortgage broker; or
            (3) exempt under Section 156.202.