The Finance Commission of Texas has approved the fiscal year 2026 budget for the Department of Savings and Mortgage Lending (SML), setting licensing and registration fees for the coming year. The commission’s decision, made on August 15, 2025, means that initial application and renewal fees will remain at their current levels through FY2026. No increases to existing fees are planned for licensees or registrants.
According to Texas Finance Code §§ 156.2081 and 157.016, licensees who do not renew their licenses on time and later seek reinstatement will be required to pay a fee equal to 150% of the base license fee. 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.
Entities and individuals must complete their renewal in the Nationwide Multistate Licensing System (NMLS) by December 31, 2025, to avoid incurring this additional cost.
The updated licensing fee schedule took effect September 1, 2025. Additional information is available on the Texas SML website or by contacting SML directly with questions about licensing or compliance.
