TX SB2508

Creates a new exemption from residential mortgage loan originator licensing requirements for property owners who make first lien mortgage loans to purchasers of their property, provided a properly licensed mortgage loan originator handles all loan origination activities

Maintains existing exemption for residential real estate owners who make no more than three mortgage loans in any 12-consecutive-month period to purchasers of their property

Amends both Chapter 156 (residential mortgage loan originator licensing) and Chapter 180 (SAFE Mortgage Licensing Act) of the Finance Code to add the new property owner exemption

Updates cross-references in registration requirements for financial services companies to reflect the renumbering of exemption provisions

Takes effect September 1, 2025