1. (a) Requirements. A license may be renewed if:

   1. (1) the RMLO submits a completed application for renewal through the NMLS together with the payment of the applicable renewal application fee;
   2. (2) the OCCC determines that the RMLO continues to meet the minimum requirements for license issuance, including financial responsibility, character, and general fitness, as provided in Texas Finance Code, §180.055, and subsection (d) of this section; and
   3. (3) the RMLO provides satisfactory evidence that the RMLO has completed the continuing education requirements of Texas Finance Code, §180.060.
2. (b) Rejection of renewal. Renewal of a license may be rejected for reasons provided in Texas Finance Code, §180.201.
3. (c) Additional information. The OCCC may require additional, clarifying, or supplemental information from any applicant for the renewal of a license pursuant to Texas Finance Code, Chapter 180 in order to determine compliance with the law.
4. (d) Additional background checks. After initial issuance of a license, the OCCC may require additional criminal and credit background checks in order to determine an RMLO's continuing compliance with the law.

Source Note:The provisions of this §2.201 adopted to be effective November 7, 2013, 38 TexReg 7681.