82R31725 BPG-D
By: Truitt H.R. No. 2661
R E S O L U T I O N
WHEREAS, September 1, 2011, marks the 50th anniversary of the
establishment of the Texas Department of Savings and Mortgage
Lending; and
WHEREAS, Created to regulate Texas savings and loan
institutions, the Department of Savings and Mortgage Lending was
subsequently assigned regulatory oversight of state savings banks,
mortgage bankers, mortgage companies, and their loan officers; its
purview now includes the vast majority of residential mortgage
lending in Texas through its responsibilities for the chartering,
regulation, and supervision of the state's thrift industry and for
the licensing/registration and regulation of the state's mortgage
industry; and
WHEREAS, The department is guided today by its eighth
commissioner, Douglas B. Foster; under his skilled leadership, the
dedicated staff works diligently to protect the financial interests
of depositors, creditors, and borrowers while remaining accessible
and responsive to the public, the industry, public officials, and
other government agencies; and
WHEREAS, By aggressively enforcing the state's statutes,
rules, and regulations, the Texas Department of Savings and
Mortgage Lending promotes public confidence, protects consumers,
and fosters a healthy mortgage lending environment, and it is
indeed appropriate to recognize its important contributions on this
occasion; now, therefore, be it
RESOLVED, That the House of Representatives of the 82nd Texas
Legislature hereby commemorate the 50th anniversary of the
establishment of the Texas Department of Savings and Mortgage
Lending and extend to its staff sincere best wishes for continued
success; and, be it further
RESOLVED, That an official copy of this resolution be
prepared for the department as an expression of high regard by the
Texas House of Representatives.