Consumer & commercial lending in Texas

Who needs this in Texas

Companies that make consumer loans in Texas generally need an OCCC license — often a regulated-lender license — unless a statutory exemption applies. Commercial and property-tax lenders can have distinct OCCC categories. Mortgage origination is not an OCCC license; that files with the Department of Savings and Mortgage Lending.

Where to file

Request the matching OCCC license on NMLS. Do not file a money-transmitter application at the Department of Banking for lending, or an SML mortgage license for a personal installment loan.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts
• Texas OCCC licensing