Texas Consumer Complaint | Recovery Fund Notice
Figure: 7 TAC §80.200(b)
“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”
Licensing & Disclosures
LoanPeople is an Equal Housing Lender.
LoanPeople is licensed in the following states:
| STATE | LICENSE NUMBER | REGULATOR LINK |
|---|---|---|
| Alabama | 1886352 | Alabama Securities Department |
| Arkansas | 128126 | Arkansas Securities Department |
| Colorado | 1886352 | Colorado Dept. of Regulatory Agencies |
| Florida | MLD2098 | Florida Office of Financial Regulation (OFR) |
| New Mexico | 1886352 | New Mexico Dept. of Consumer Credit |
| Oklahoma | ML013832 | Oklahoma Dept. of Consumer Credit |
| Tennessee | 1886352 | TN Department of Financial Institutions |
| Texas | 1886352 | Texas Dept. of Savings and Mortgage Lending |
| Washington | 1886352 | WA Department of Financial Institutions |
