78R8899 T

By:  Flynn                                                        H.B. No. 2586



A BILL TO BE ENTITLED

AN ACT

relating to authorization of FBI background checks for mortgage 
broker license applicants.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 156.206(b), Finance Code, is amended to 
read as follows: 
	(b)  The commissioner shall obtain criminal history record 
information on an applicant that is maintained by the Department of 
Public Safety and shall obtain criminal history record information 
[on an applicant maintained by] from the Federal Bureau of 
Investigation on each applicant for a mortgage broker or loan 
officer license pursuant to this chapter.  All applicants must be 
fingerprinted and must submit fingerprint and other necessary 
information with their application.  The commissioner is authorized 
to submit the fingerprints to the FBI and the Texas Department of 
Public Safety is designated to be the recipient of the results of 
the record check.  The commissioner may also obtain criminal 
history record information from any court or any local, state, or 
national governmental agency.
	SECTION 2.  This Act takes effect on September 1, 2003.