(a) It is unlawful for any person to engage in the business of a finance lender or broker without obtaining a license from the Board.
(b) A finance lender or broker may not make or broker a residential mortgage loan unless that loan is offered by, negotiated by, or applied for through a licensed mortgage loan originator and the finance lender or broker also holds a valid license under chapter 20 of this title.
(c) Every licensee that is also a mortgage lender or mortgage broker under chapter 20 of this title engaging in the business of making or brokering residential mortgage loans shall require that every mortgage loan originator employed or compensated by that licensee obtains and maintains a mortgage loan originator license from the Board under chapter 20 of this title.