What regulatory body enforces the Texas Home Equity Law?

The Texas Department of Savings and Mortgage Lending is the regulatory body specifically tasked with enforcing the Texas Home Equity Law. This law governs how home equity loans can be issued, including important aspects such as loan amount limits, fees, and disclosure requirements to protect consumers. The agency has the authority to ensure that lenders comply with these regulations and possesses the means to take enforcement actions if necessary.

While other organizations listed have roles in other areas of real estate or housing, such as managing real estate transactions or overseeing housing initiatives, it is the Texas Department of Savings and Mortgage Lending that has the specific mandate for overseeing home equity lending practices. This specialized focus equips them to properly address compliance with the laws that safeguard consumers in regard to home equity loans.