The Finance Commission of Texas adopted proposed amendments to various sections of 7 Tex. Admin. Code Pt. 80 & 81, as well as amendments to the “Conditional Letters” published within such codes and on their website (https://www.sml.texas.gov/ResidentialMortgageLoanOriginator/rmlo_mb_forms.html). The adopted amendments are published at 44 Tex. Reg. 6524 – 6528 (Nov. 1, 2019), while the proposed amendments are published at Ibid. 2131 – 2133 (Apr. 26, 2019); both can be accessed at: https://www.sos.texas.gov/texreg/index.shtml. The effective date of these amendments is May 1, 2020.
We are currently reviewing these changes to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).