(a) Call Report.
  (1) A mortgage banker must file a mortgage call report on a quarterly basis. The filing deadlines are set by NMLS.
  (2) A call report is required to be filed for each quarter a license is held, including partial quarters.
  (3) The call report must be submitted through and in the manner and form prescribed by NMLS.
(b) Statement of Condition Report.
  (1) A mortgage banker must file a statement of condition on an annual basis.
  (2) A statement of condition report is required to be filed for each year a license is held, including partial years.
  (3) The statement of condition report must be submitted through and in the manner and form prescribed by NMLS.
(c) Submission of a call report or statement of condition report, by a mortgage banker, satisfies the requirements of an originator sponsored by the mortgage banker to submit a mortgage call report, as required by Tex. Fin. Code §180.101 for the period of sponsorship, provided that the sponsored originator's information is included in the report.
(d) Failure to file a mortgage call report or statement of condition report may result in disciplinary action including, but not limited to, imposition of an administrative penalty.

Source Note: The provisions of this §81.205 adopted to be effective July 5, 2012, 37 TexReg 4873; amended to be effective September 5, 2013, 38 TexReg 5703; amended to be effective June 30, 2016, 41 TexReg 4640; amended to be effective January 3, 2021, 46 TexReg 157