The Texas Finance Commission of Texas adopted a new provision requiring the following individuals to retake the 20 hours of pre-licensing education as required by the S.A.F.E. Mortgage Licensing Act: 

• Individuals who fail to obtain a valid license or federal registration within five years from the date of completion; or
• Licensed individuals who fail to maintain the license or federal registration for at least five consecutive years.

These provisions are applicable to residential mortgage loan originators licenses administered by the Office of Consumer Credit Commissioner (effective January 4, 2018) and the Department of Savings and Mortgage Lending (effective January 7, 2018).