Sec. 158.052.  EXEMPTIONS; APPLICABILITY.  (a)  This chapter does not require registration by:
(1)  a federal or state depository institution, or a subsidiary or affiliate of a federal or state depository institution;
(2)  a person registered under Chapter 157;
(3)  a person licensed under Chapter 342 or regulated under Chapter 343, if the person does not act as a residential mortgage loan servicer servicing first-lien secured loans; or
(4)  a person making a residential mortgage loan with the person's own funds, or to secure all or a portion of the purchase price of real property sold by that person.
(b)  This chapter applies only to a residential mortgage loan servicer that services at least one residential mortgage loan.
(c)  Nothing in this chapter permits a person who is not otherwise exempt from this chapter to act as a residential mortgage loan originator, as defined by Section 180.002, without obtaining a license under the applicable provisions of law.
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.