State Laws & Regulations
In Texas, residential mortgage companies and loan originators are licensed and supervised by the Texas Department of Savings and Mortgage Lending (SML). State law adds its own rules on top of federal ones, including some of the strictest home equity protections in the country.
- Licensed mortgage broker
- Company NMLS 2783307
- Equal Housing Opportunity
Our commitment
Compliance With All State-Specific Requirements
Mortgage rules vary from state to state, and HomyLoan follows all licensing, disclosure, and lending regulations required in each jurisdiction where we operate.
This ensures borrowers receive accurate, legally compliant service no matter where they live.
Our compliance commitment includes:
- Meeting state licensing requirements
- Providing required disclosures unique to each state
- Following local advertising and consumer protection laws
- Monitoring regulatory updates for each region
What the law requires
Key Texas rules for mortgage borrowers
Federal law sets a baseline for every state. Texas adds licensing, conduct and disclosure rules for mortgage companies and loan originators, plus constitutional limits on borrowing against your homestead.
State licensing through NMLS
Mortgage companies and loan originators who work with Texas homes must be licensed by the SML. Licenses are managed through NMLS and are public on NMLS Consumer Access.
Texas home equity loans
A Section 50(a)(6) cash-out loan or 50(t) HELOC is limited to 80% combined loan-to-value, and generally only one Texas home equity loan is allowed every 12 months.
Time to think it over
Texas home equity loans require a 12-day notice period before closing, so you have time to review the terms without pressure.
Homestead protection
The Texas Constitution strictly limits what kinds of loans can be secured by your homestead, which protects owners from many risky loan types.
What it means for you
What this means for Texas borrowers
- You can confirm that any mortgage company or loan officer is licensed before you share personal information.
- You receive the state-required notices along with your federal disclosures.
- If you take equity out of your home, the 80% limit and 12-day notice protect you from over-borrowing.
- You can contact the SML with a complaint about a licensed company or loan originator.
How HomyLoan follows it
Licensed in Texas, easy to verify
- HomyLoan, LLC is a licensed mortgage broker, Company NMLS 2783307, with individual NMLS 2658032.
- We serve homebuyers and homeowners across Texas and compare programs from wholesale lenders available in the state.
- For home equity requests, your loan officer explains Texas-specific limits and timing up front.
- We share our license details in our marketing and on every page of this site.
Buying or refinancing in a specific city? Our Texas guides cover local home prices and loan options, or find a loan officer.
If something goes wrong
How to file a complaint
The Texas SML handles complaints about licensed residential mortgage companies and loan originators. Complaints about federal mortgage rules can also go to the CFPB.
Texas Department of Savings and Mortgage Lending (SML)
The state regulator that licenses residential mortgage loan originators and mortgage companies in Texas. Its website has the consumer complaint form and instructions.
sml.texas.govConsumer Financial Protection Bureau (CFPB)
The federal agency for mortgage complaints, including disclosures, credit discrimination and loan originator conduct. The CFPB forwards complaints to the company and tracks the response.
consumerfinance.gov/complaintTexas mortgage regulation FAQs
The Texas Department of Savings and Mortgage Lending (SML) licenses and supervises residential mortgage companies and loan originators in Texas.
Search their name or NMLS ID on NMLS Consumer Access (nmlsconsumeraccess.org). HomyLoan's Company NMLS ID is 2783307.
Texas home equity loans and HELOCs are limited to 80% combined loan-to-value, meaning all loans on the home together can't exceed 80% of its value.
Generally once every 12 months. Texas law also requires a 12-day notice period before a home equity loan can close.
File a complaint with the Texas SML using the form on sml.texas.gov. You can also file with the CFPB at consumerfinance.gov/complaint.
Related policies
More on how we protect borrowers
- Equal Credit Opportunity ActCredit decisions based on finances, not personal traits.
- Fair Housing ActNo discrimination in housing or mortgage transactions.
- Fair lendingHow federal fair lending laws work together.
- Dodd-Frank ActThe CFPB, Ability-to-Repay and loan originator rules.
- Advertising standardsWhat rates and terms in our marketing do and don't mean.
- Data privacy and securityYour privacy rights and how to avoid wire fraud.
- About HomyLoanWho we are and how we work as a mortgage broker.
- NMLS Consumer AccessVerify Company NMLS ID 2783307.
Licensing and trust
Licensed, and easy to verify
HomyLoan, LLC is a licensed mortgage broker, Company NMLS ID 2783307. You can confirm our license status at any time on NMLS Consumer Access, the official public lookup run by the Nationwide Multistate Licensing System.
License details
Public record on NMLS Consumer Access
- Legal name
- HomyLoan, LLC
- License type
- Mortgage broker
- Company NMLS ID
- 2783307
- Individual NMLS ID
- 2658032
Equal Housing Opportunity. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act.
Questions?
Ask a licensed loan officer
If something about your loan or your rights isn't clear, ask us. We'll explain it in plain language or point you to the right agency.
This page is general information, not legal advice.