The Finance Commission of Texas has approved the fiscal year 2026 budget for the Department of Savings and Mortgage Lending (SML), setting license and registration fees for the upcoming year. The decision, made on August 15, 2025, confirms that there will be no changes to initial application or renewal fees for licensees and registrants in FY2026.
The annual renewal period begins November 1, 2025. Licensees who do not renew on time and seek reinstatement will face a fee equal to 150% of the base license fee, as required by Texas Finance Code §§ 156.2081 and 157.016. This reinstatement fee applies to Residential Mortgage Loan Companies—including mortgage companies, independent contractor loan processor or underwriter companies, and credit union subsidiary organizations—as well as individual Residential Mortgage Loan Originators.
To avoid this additional cost, affected entities and individuals must complete their renewal in the Nationwide Multistate Licensing System (NMLS) by December 31, 2025.
The updated licensing fee schedule took effect September 1, 2025. For further details or questions about licensing or compliance, stakeholders are encouraged to visit the Texas SML website or contact the department directly.
