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281-337-4052

Notice of Rcovery Fund for Mortgage Broker and/or Loan Officer

(Your Mortgage Broker and/or Loan Officer) IS LICENSED UNDER THE LAWS OF THE STATE OF TEXAS AND BY STATE LAW IS SUBJECT TO REGULATORY OVERSIGHT BY THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. ANY CONSUMER WISHING TO FILE A COMPLAINT AGAINST (Your Mortgage Broker and/or Loan Officer)SHOULD COMPLETE, SIGN, 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 DOWNLOADED AND PRINTED FROM THE DEPARTMENT’S WEB SITE LOCATED AT WWW.SML.STATE.TX.US OR OBTAINED FROM THE DEPARTMENT UPON REQUEST BY MAIL AT THE ADDRESS ABOVE, BY TELEPHONE AT ITS TOLL- FREE CONSUMER HOTLINE AT 1-877-276-5550, BY FAX AT (512) 475-1360, OR BY E-MAIL AT SMLINFO@SML.STATE.TX.US.

THE DEPARTMENT MAINTAINS THE MORTGAGE BROKER RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN TYPES OF JUDGMENTS AGAINST A MORTGAGE BROKER OR LOAN OFFICER. NOT ALL CLAIMS ARE COMPENSABLE AND A COURT MUST ORDER THE PAYMENT OF A CLAIM FROM THE RECOVERY FUND BEFORE THE DEPARTMENT MAY PAY A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT SUBCHAPTER F OF THE MORTGAGE BROKER LICENSE ACT ON THE DEPARTMENT’S WEB SITE REFERENCED ABOVE.

The Texas Real Estate Commission operates a recovery fund that may allow aggrieved consumers to recover actual damages awarded against a TREC licensed home inspector should the inspector be unable to pay.  For more information about the TREC recovery fund and how to request damage reimbursement, contact the Texas Real Estate Commission via mail at P.O. Box 12188, Austin, Texas 78711 or by phone at 1-800-250-8732  or  512-459-6544  

Notice for Recovery Fund for Real Estate Sales Agents and Brokers and Inspectors

THIS FIRM IS LICENSED AND REGULATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

TREC ADMINISTERS TWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY JUDGMENTS AGAINST INSPECTORS AND REAL ESTATE LICENSEES INVOLVING A VIOLATION OF THE LAW. COMPLAINTS OR INQUIRIES SHOULD BE DIRECTED TO TEXAS REAL ESTATE COMMISSION P.O. BOX 12188 AUSTIN, TEXAS 78711-2188 (512) 465-3960