March 20, 2020

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

TXQUAL/22013 – Conditional Pre-Qualification Letter, Mortgage Company, 7 TAC 80.201(a). We updated the document to match the recently published updated model form. Completed 03/19/2020.

TXAPPLTR/22014 – Conditional Approval Letter, Mortgage Company, 7 TAC 80.201(b). We updated the document to match the recently published updated model form. Completed 03/19/2020.

TXAPPBKR/27671 – Conditional Approval Letter, Mortgage Banker, 7 TAC 81.201(b). We updated the document to match the recently published updated model form. Completed 03/19/2020.

Effective May 1, 2020, the Texas Department of Savings and Mortgage Lending requires the use of four updated model forms. A set for each licensee type (Mortgage Company and Mortgage Banker) of (1) the Conditional Pre-Qualification Letter, and (2) the Conditional Approval Letter. We currently do not have any clients that use the Mortgage Banker version of the Conditional Pre-Qualification Letter, therefore, it is not included as an updated form. Any clients who would like to use the Mortgage Banker version of the Conditional Pre-Qualification Letter may request it by contacting us. For more information about this change please see the TX Department of Savings and Mortgage Lending’s Residential Mortgage Loan Origination: Statutes and Rules webpage.