Relating to an exemption from residential mortgage loan originator licensing requirements.

SB 74 amends Texas law to expand exemptions from residential mortgage loan originator licensing requirements. It exempts specific groups, including mortgage originators working for depository institutions or their regulated subsidiaries, individuals negotiating loans for immediate family members, attorneys handling mortgages as part of client representation (with conditions), and residential property owners who make no more than five mortgage loans annually to purchasers. The bill also updates a previous exemption for property owners from a three- to a five-loan annual limit. This change takes effect September 1, 2025, directly affecting mortgage professionals and property owners who previously needed licenses for these activities.