As required by Texas Finance Code, §351.0515, a licensee's individual employees who, for actual or expected compensation or gain, act as residential mortgage loan originators in the making, transacting, or negotiating of a property tax loan for a principal dwelling, are required to obtain a license through the Nationwide Mortgage Licensing System and Registry.

Source Note: The provisions of this §89.311 adopted to be effective July 5, 2012, 37 TexReg 4874