SECTION 83.3010. Fees

(a) New licenses.

(1) Investigation fees. A $200 non-refundable investigation fee is assessed on the filing of one or more license applications owned or controlled by the same person. A separate investigation fee may be imposed for multiple license applications for good cause in accordance with Texas Finance Code, §393.604(b).

(2) Assessment fees. An assessment fee of $600 per active license and $250 per inactive license is assessed each time an application for a new license is filed. This assessment fee will be refunded if the application is not approved.

(3) Fee for Texas Financial Education Endowment. A fee not to exceed $200 is assessed each time an application for a new license is filed, in order to contribute to the Texas Financial Education Endowment. The finance commission may reduce the amount of the fee if it determines that the endowment is of a sufficient size to accomplish its purpose. This fee will be refunded if the application is not approved.

(b) License transfers. An applicant must pay a $200 non-refundable investigation fee for each license transfer.

(c) Fingerprint processing. An applicant must pay a fee to a party designated by the Texas Department of Public Safety for processing fingerprints. The Texas Department of Public Safety and the designated party determine the amount of the fee and whether it is refundable.

(d) License amendments. A fee of $25 must be paid each time a licensee amends a license by inactivating a license, activating an inactive license, changing the assumed name of the licensee, changing the organizational form or proportionate ownership, providing notification of a new parent entity, or relocating an office.

(e) License duplicates. The fee for a license duplicate is $10.

(f) Costs of hearings. The commissioner may assess the costs of an administrative appeal pursuant to Texas Finance Code, §14.207 for a hearing afforded under §83.3007(d) of this title (relating to Processing of Application), including the cost of the administrative law judge, the court reporter, and agency staff representing the OCCC at a hearing.

(g) Annual renewal and assessment fees.

(1) An annual assessment fee is required for each license consisting of:

(A) a fixed fee not to exceed $600; and

(B) a volume fee based upon the volume of business that consists of an amount not to exceed $0.03 per each $1,000 advanced for license holders whose operations occur within Texas Finance Code, Chapter 393 in accordance with the most recent annual report required by §83.5001 of this title (relating to Data Reporting Requirements).

(2) The annual assessment fee for an inactive license is $250.

(3) The maximum annual assessment fee for each licensed entity will not average more than $1,200 per active licensed location.

(4) In addition to the annual assessment fee, a fee not to exceed $200 is required for each annual renewal of a licensed entity, in order to contribute to the Texas Financial Education Endowment. The finance commission may reduce the amount of the fee if it determines that the endowment is of a sufficient size to accomplish its purpose.

Source Note: The provisions of this §83.30010 adopted to be effective November 10, 2011, 36 TexReg 7518; amended to be effective January 7, 2016, 41 TexReg 112