Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 7. BANKING AND SECURITIES |
PART 5. OFFICE OF CONSUMER CREDIT COMMISSIONER |
CHAPTER 83. REGULATED LENDERS AND CREDIT ACCESS BUSINESSES |
SUBCHAPTER B. RULES FOR CREDIT ACCESS BUSINESSES |
DIVISION 4. LICENSE |
SECTION 83.4002. License Term, Renewal, and Expiration
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(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: (1) by mail to the address on file with the OCCC as a master file address; or (2) by e-mail to the address on file with the OCCC as a master file e-mail address, if the licensee has provided a master file e-mail address. (d) Expiration. If a licensee does not pay the annual assessment fee, the license will expire on the later of: (1) December 31 of each year; or (2) the 16th day after notice of delinquency is given under subsection (c) of this section. Source Note: The provisions of this §83.4002 adopted to be effective November 10, 2011, 36 TexReg 7518; amended to be effective January 7, 2016, 41 TexReg 112; amended to be effective September 5, 2019, 44 TexReg 4716