Broker Requirements:

(1) $375 non-refundable application fee (2 yr license)

(2) $20 non-refundable fee for Mortgage Broker Recovery Fund (upon application and renewal)

(3) $34.25 Fingerprint/Background check fee (per applicant)

(4) $42 for/take approved pre-license test & copy of Exam Certificate (must submit w/ application) -- electronic fingerprints are available at test site for $17.50

(5) Must have 3 yrs experience in Mortgage industry

(6) Personal financial statements, showing $25,000 net worth

(7) $50,000 Surety Bond (if financials net worth under $25,000)

(8) Waiver form allowing department to request current copy of Credit report

(9) Physical office within state is required

(10) Internet website must be submitted w/ application (if applicable)

(11) $375 Renewal Fee

(12) $187.50 Late Fee for Renewal

(13) $50 Branch Addition fee

Loan Officer Requirements:

(1) $275 Application Fee

(2) $100 Application Fee (expedited)

(3) $20 Recovery Fund Fee (for application & renewals)

(4) $34.25 Fingerprint/Background check

(5) $42 Pre-licensing exam

(6) $175 Renewal Fee

(7) $87.50 Late fee for Renewal

Contact Information:

Texas Department of Savings & Mortgage Lending (NEW name!!)

2601 North Lamar, Suite 201

Austin, Texas 78705

Phone: 512.475.1350

Fax: 512.475.1360 (Licensing)

Fax: 512.936.2003 (Consumer/Enforcement)

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website:http://www.sml.state.tx.us/

Map of Texas Department of Savings & Mortgage Lending: