Last Updated on September 1, 2022
On August 19, 2022, the Finance Commission of Texas approved the Department’s FY23 budget. The budget includes the following licensing/registration fee increases:
- Mortgage Loan Originator new application fee from $50 to $70 (plus a $20 recovery fee);
- Mortgage Loan Originator renewal fee from $40 to $50;
- Mortgage Company new application fee from $150 to $200;
- Mortgage Company renewal fee from $100 to $150;
- Credit Union Subsidiary Organization new application fee from $150 to $200;
- Credit Union Subsidiary Organization renewal fee from $100 to $150;
- Independent Contractor Loan Processor and Underwriter Company new application fee from $150 to $200; and
- Independent Contractor Loan Processor and Underwriter Company renewal fee from $100 to $150
The fee increases will be effective November 1, 2022.
Over the past two years, the Department has seen a 65% increase in the licensing/registration population. In order to maintain adequate application processing times and appropriate examination frequency, the Department added additional staff including two License & Permit Specialists and three Financial Examiners.
The Department’s licensing/registration fees remain one of the lowest in the United States.
