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

Seller Finance Coalition Capitol Fly-In Around the Corner!

We are just 2 weeks away from the 2nd Annual Seller Finance Coalition Capitol Hill Fly-In! Here (directly below in the link) is a video of The Seller Finance Enhancement Act Sponsor, Congressman Roger Williams, inviting you to join us on May 9th & 10th! https://www.youtube.com/embed/NpC1zljzSI4?rel=0 We need you there! Please … Read More

News You Can Use

From Bloomberg News: Trump Vows to Revive ‘Total Disaster’ Consumer Bureau with Mulvaney   From the Wall Street Journal: CFPB Official Sues Trump Administration Over Agency Leadership   To stay updated on news around the state, follow the Texas Tribune daily.

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