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Amend CSSB 252 as follows:
(1) In SECTION 1 of the bill, in added Section 157.004(2),
Finance Code, after the semicolon (committee printing, page 1, line
61), strike "or".
(2) In SECTION 1 of the bill, in added Section 157.004,
Finance Code, between "Chapter 156" and the period (committee
printing, page 1, line 63), insert the following:
"; or
(4) an authorized lender licensed under Chapter 342
if:
(A) the authorized lender includes with an
application for a mortgage loan a notice that is substantially
similar to the notice required by Section 157.007 and provides the
method of submitting complaints to the consumer credit
commissioner;
(B) the authorized lender uses the forms adopted
by the Finance Commission of Texas under Section 157.011(b); and
(C) the Finance Commission of Texas determines by
rule that the consumer credit commissioner may suspend or revoke a
license issued under Chapter 342 if the authorized lender engages
in unlawful or unfair practices while making a mortgage loan".