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 approval took place on August 15, 2025.
According to SML, there will be no changes to the initial application or renewal license and registration fees for FY2026. The department confirmed that existing fees will remain at current levels for both licensees and registrants during this period.
Under Texas Finance Code §§ 156.2081 and 157.016, a reinstatement fee is required from licensees who do not renew their licenses on time but later seek reinstatement. The fee is set at 150% of the base license fee and 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 paying this additional fee, affected entities and individuals must complete their renewal in the Nationwide Multistate Licensing System (NMLS) by December 31, 2025.
The updated licensing fee schedule went into effect on September 1, 2025. Additional details are available through the Texas SML website or by contacting the department directly with questions about licensing or compliance.
