Recently, the Texas Department of Savings and Mortgage Lending finalized revisions and updates to its regulations governing residential mortgage loan originators and mortgage bankers. The final rules took effect July 5, 2012 and mirror the rules as proposed on May, 4, 2012. In addition to clarifying and updating the regulations, the new rules alter disclosure forms for loans originated by mortgage companies or brokers. However, the department will not begin citing violations for use of an outdated form until September 1, 2012.