Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
Chapter 83 - REGULATED LENDERS AND CREDIT ACCESS BUSINESSES
Subchapter A - RULES FOR REGULATED LENDERS
Division 4 - LICENSE
Section 83.403 - License Term, Renewal, and Expiration
Current through Reg. 50, No. 13; March 28, 2025
(a) License term and renewal. A new license is effective from the date of its issuance until December 31. A license must be renewed annually to remain effective. After renewal, a license is effective for a term of one year, from January 1 to December 31.
(b) Due date for annual assessment fee. The annual assessment fee is due by December 1 of each year.
(c) Notice of delinquency. If a licensee does not pay the annual assessment fee, the OCCC will send a notice of delinquency. Notice of delinquency is given when the OCCC sends the notice:
(d) Expiration. If a licensee does not pay the annual assessment fee, the license will expire on the later of:
(e) Reinstatement. As provided by Texas Finance Code, § 349.301 and § 349.303(a), if a license was in good standing when it expired, a person may reinstate the expired license not later than the 180th day after its expiration date by paying the annual assessment fee and a $1,000 late filing fee.