2003S0600-1 03/12/03
By: Averitt S.B. No. 1667
A BILL TO BE ENTITLED
AN ACT
relating to authorization of Federal Bureau of Investigation
background checks for mortgage broker and loan officer license
applicants.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (b), Section 156.206, Finance Code,
as amended by Chapters 337, 407, and 867, Acts of the 77th
Legislature, Regular Session, 2001, 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
from [on an applicant maintained by] the Federal Bureau of
Investigation on each applicant for a mortgage broker or loan
officer license under this chapter. Each applicant must be
fingerprinted and must submit fingerprints and other necessary
information with the application. The commissioner is authorized
to submit the fingerprints to the Federal Bureau of Investigation,
and the Department of Public Safety is designated to be the
recipient of the results of the record check. [By rule, the finance
commission may require applicants to submit information and
fingerprints necessary for the commissioner to obtain criminal
background information from the Federal Bureau of Investigation.]
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 September 1, 2003.