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HB 1207 (2026)

Revise many regulations and fees for financial institutions

This bill is still active.

Last updated 2026-03-18 11:51 am
Summary:

Replaces examination fees for state-chartered banks and credit unions with an annual fixed base fee, increases license application fees for non-depository financial entities, and modifies criminal history requirements for mortgage loan originators.

The House amended the bill to make many other changes related to the regulation of financial institutions, from small loan lenders, to credit unions, to trusts, and many more. According to a report from the House Commerce and Consumer Affairs Committee, "By request of the Banking Department, this bill is relative to certain laws applicable to state chartered banks, credit unions, trust companies, and other consumer credit entities subject to the authority of the Banking Department. It raises fees for certain banking, credit union, and financial institution registration and operational requirements. It eases restrictions for felons to receive mortgage loan originator licenses under appropriate situations."

Bill Sponsor:
John B. Hunt
Republican party logo
Status:
SENATE
Public Hearing Date:
01/29/2026 10:00 am
Public Hearing Location:
GP Room 229
House Voting Date:
03/11/2026
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