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  89R2761 SRA-F     By: Zaffirini S.B. No. 74       A BILL TO BE ENTITLED   AN ACT   relating to an exemption from residential mortgage loan originator   licensing requirements.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 157.0121(b), Finance Code, is amended to   read as follows:          (b)  The following individuals are exempt from this chapter:                (1)  a registered mortgage loan originator when acting   for:                      (A)  a depository institution;                      (B)  a subsidiary of a depository institution that   is:                            (i)  owned and controlled by the depository   institution; and                            (ii)  regulated by a federal banking agency;   or                      (C)  an institution regulated by the Farm Credit   Administration;                (2)  an individual who offers or negotiates the terms   of a residential mortgage loan with or on behalf of an immediate   family member of the individual;                (3)  a licensed attorney who negotiates the terms of a   residential mortgage loan on behalf of a client as an ancillary   matter to the attorney's representation of the client, unless the   attorney:                      (A)  takes a residential mortgage loan   application; and                      (B)  offers or negotiates the terms of a   residential mortgage loan;                (4)  an individual who offers or negotiates terms of a   residential mortgage loan secured by a dwelling that serves as the   individual's residence;                (5)  any owner of residential real estate who in any   12-consecutive-month period makes no more than three [ five ]   residential mortgage loans to purchasers of the property for all or   part of the purchase price of the residential real estate against   which the mortgage is secured; and                (6)  an individual who is exempt as provided by Section   180.003(b).          SECTION 2.  This Act takes effect September 1, 2025.