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 coming year. The commission’s decision was made on August 15, 2025, and covers the annual renewal period that starts November 1, 2025.
According to the department, initial application and renewal fees will remain unchanged for FY2026. There will be no increases to existing fees for licensees and registrants.
Under Texas Finance Code §§ 156.2081 and 157.016, licensees who do not renew on time but 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 renew their licenses 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.
For further details or questions about licensing or compliance, individuals are encouraged to visit the Texas SML website or contact the department directly.
