A license to act as a residential mortgage loan originator may be renewed on or before its expiration date if the license holder:

1. (1) continues to meet the minimum requirements for license issuance;
2. (2) pays all required fees for the renewal of the license; and
3. (3) provides satisfactory evidence that the license holder has completed the continuing education requirements of Section 180.060.

Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.