Texas Complaint / Recovery Fund

Texas Consumers Complaint and Recovery Fund Notice

Figure: 7TAC §81.200(c)

“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER 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 TOLLFREE 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 MORTGAGE BANKER 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.”

 

Current Rates

VA
30 Year Fixed

As of: October 20, 2017

3.750%
RATE
4.000%
APR

Conventional
30 Year Fixed

As of: October 20, 2017

4.000%
RATE
4.188%
APR

Conventional
15 Year Fixed

As of: October 20, 2017

3.250%
RATE
3.573%
APR

Conventional
5 Year ARM

As of: October 20, 2017

3.625%
RATE
4.082%
APR

FHA
30 Year Fixed

As of: October 20, 2017

3.625%
RATE
4.536%
APR