Amend CSSB 1074 as follows:
      (1)  Add Section 156.031 to SECTION 1 of the bill (Committee
Printing page 2, line 28).
      "Sec. 156.031.  DISCLOSURE TO APPLICANT.  At the time an
applicant submits an application to a mortgage broker, the mortgage
broker shall provide to the applicant a disclosure that specifies
the nature of the relationship between applicant and broker, the
duties the broker has to the applicant, and how the mortgage broker
will be compensated.  The commissioner, by rule, shall promulgate a
standard disclosure form to be used by the mortgage broker."
      (2)  On page 4, line 21, Committee Printing, insert the
following between the word "entities" and the word "if":  "provided
the mortgage loan is made for the benefit for the employer".
      (3)  On page 4, lines 21-23, Committee Printing, delete the
following text:  "if the mortgage loan is made for the employer and
is funded from the employer's own funds:".
      (4)  On page 4, line 27, Committee Printing, delete the word
"or".
      (5)  On page 4, line 28, Committee Printing, insert a new
Subsection (C) to read as follows:  "(C)  an insurance company
licensed or authorized to do business in this State under the Texas
Insurance Code; or"
      (6)  On page 4, line 28, Committee Printing, renumber
existing Subsection (C) to be new Subsection "(D)".
      (7)  On page 5, line 22, Committee Printing, insert the
following between the period following the word "chapter" and prior
to the sentence beginning "The commissioner":
"For a corporation, limited liability company or limited liability
partnership to be eligible to be licensed as a mortgage broker, the
corporation must designate an individual who is a Texas resident to
act for it and be responsible for managing the operations of the
location or locations where business is to be transacted.  The
designated individual must be a mortgage broker licensed under this
Act."
      (8)  On page 5, line 42, Committee Printing, insert the word
"or" after the semicolon.
      (9)  On page 5, line 42, Committee Printing, strike the word
"and".
      (10)  On page 5, line 43, Committee Printing, insert the
following new Subparagraph (D):
      "(D)  for applications received prior to January 1, 2000, the
person provides a certification under oath by the designated
corporate mortgage broker that the person has been provided
necessary and appropriate education and training regarding all
applicable state and federal law and regulations relating to
mortgage loans; and"
      (11)  On page 6, line 59, Committee Printing, insert the
following after the word "courses" and before the semicolon:  ",
including courses provided by or through the licensed mortgage
broker with whom the loan officer is associated after submission to
and approval by the commission".