Savings & Mortgage Lending Staff Serving Nationally

SML STAFF  ON NATIONAL MORTGAGE BOARDS AND COMMITTEES   SML has several members of its  mortgage examination staff serving on national boards or committees. This email is to update you on who they are and the boards or committees they serve on.   Recently, the following were appointed to the … Read More

TLDA Response to Sunset Commission Recommendations

The Texas Department of Savings & Mortgage Lending (TDSML), which is the regulating agency of our industry, appears before the Sunset Committee this week, in consideration of their recent recommendation to abolish the agency, rolling it into the Texas Department of Banking.  The Texas Land Developers Association has formulated the … Read More

Sunset Report Released for Department of Savings & Mortgage Lending

As you know, the Texas Sunset Commission is conducting a review of the Texas Department of Savings & Mortgage Lending, along with the Texas Department of Banking, Office of Consumer Credit Commissioner, and Finance Commission of Texas. Sunset just released its report, recommending moving the Texas Department of Savings & … Read More

Department of Savings & Mortgage Lending Issues Home Equity Rules Timeline

Due to the passage of Proposition 2, the Finance Commission and Credit Union Commission will be publishing proposed rules related to the amendments to the  constitutional home equity provisions.   Below is a timeline from the Texas Department of Savings & Mortgage Lending for the rulemaking process, including public comment. Oct 20, … Read More