50-State Financial Services Licensing Compliance Guide
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Texas Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Texas.

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Company Licenses

Texas Financial Services Company Licenses

Texas Auxiliary Mortgage Loan Activity Company License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Credit Union Subsidiary Organization Branch License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Credit Union Subsidiary Organization License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Financial Services Company Registration

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Independent Contractor Processor/Underwriter Company License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Money Transmitter License

Agency:Texas Department of Banking
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$10,000 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Mortgage Banker Branch Registration

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Mortgage Banker Registration

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Mortgage Company Branch License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $50 fee + $25 fee per location change

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Mortgage Company License

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Motor Vehicle Sales Finance License

Agency:Texas Office of Consumer Credit Commissioner
Eligible Entity Types:
  • Corporations
  • Limited Liability Companies
  • Limited Partnerships
  • Trusts
  • Partnerships
  • Sole Proprietorships
  • Other
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

All human principals need to create a personal online account and enter the confirmation code sent to their email. You will not be able to pay until each principal has done this. 

Filing Method:

Online

Agency Fee:

$660 application fee

Turnaround:

30-60 days

Required Attachments:
  • 10 years of the Principal's Employment History (no gaps)
  • Supporting Documentation if answering yes to questions 2-8
  • State of Experience
  • Texas Franchise Tax Account Status (Certificate of Good Standing)
  • Loan Document
  • Operating Agreement
  • Minutes or certification by the company secretary
  • Articles of Incorporation or Certificate of Formation from the Texas Secretary of State
  • Trust Agreement, if applicable
  • Partnership Agreement, if applicable
  • Instrument that established the estate, if applicable
  • Assumed Name Certificate from the Texas Secretary of State, if applicable
  • Assumed Name Certificate from the County Clerk, if applicable
  • Business Operations Plan
  • Contract and Transaction Information
  • Fingerprinting Receipt
Background Check Requirements: ACCESS PREMIUM DATA

Registration Renewal

Filing Method:

Online

Agency Fee:

$430 renewal fee

Due:

Licenses expire annually on September 30. Renewals can begin October 1 and must be submitted by October 31 to avoid reinstatement and penalties. 

Texas Motor Vehicle Sales Finance Registered Office License

Agency:Texas Office of Consumer Credit Commissioner

Initial Registration

Filing Method:

Online

Agency Fee:

$25 investigation fee + $430 assessment fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$344

Due:

Annually by July 1.

Texas Property Tax Lender Branch License

Agency:Texas Office of Consumer Credit Commissioner
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $200 investigation fee + $600 fee per active license

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Property Tax Lender License

Agency:Texas Office of Consumer Credit Commissioner
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$800 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Residential Mortgage Loan Servicer Registration

Agency:Texas Department of Savings and Mortgage Lending
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Third-Party Debt Collector Bond Registration

Agency:Texas Secretary of State - Registrations Unit
Bond Requirements:

$10,000 surety bond.

Notes:

Texas does not issue collection agency licenses but instead requires agencies to submit a bond registration.

Initial Registration

Form:

Third-Party Debt Collector Bond Form

Agency Fee:

$0

Renewal Not Required

Not required



Bond filings do not need to be renewed.

Individual Licenses

Texas Individual Financial Services Licenses

Texas Mortgage Loan Originator License

Agency:Texas Department of Savings and Mortgage Lending

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $120 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$70

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Texas Residential Mortgage Loan Originator License

Agency:Texas Office of Consumer Credit Commissioner

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $225 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised February 03, 2025. Complete data last reviewed January 08, 2019.
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