| (a) Generally. An initial registration for a permanent
location is effective from the date of its issuance until December
31. For each calendar year following the initial registration for
a permanent registered location, a crafted precious metal dealer must
renew the registration annually. A registration for a permanent registered
location expires on December 31 of each year. After renewal, a registration
is effective for a term of one year, from January 1 to December 31.
(b) Renewal procedure. A crafted precious metal dealer
may renew its registration for a permanent registered location by
providing the following:
(1) the fees required by §85.1011 of this title
(relating to Fees); and
(2) any information required by the OCCC.
(c) Due date for renewal fees and information. The
fees and information described by subsection (b) of this section are
due by December 31 of each year.
(d) Late renewal.
(1) If a crafted precious metal dealer renews its registration
on or before the 30th day following expiration (i.e., on or before
January 30), then there is no late renewal fee.
(2) If a crafted precious metal dealer renews its registration
after the 30th day following expiration, but on or before the 180th
day following expiration, then the dealer must pay a late renewal
fee of $50 for each permanent registered location, in addition to
the fees described by §85.1011 of this title.
(3) A registration for a permanent registered location
may not be renewed after the 180th day following expiration. In order
to obtain a registration, the crafted precious metal dealer must reapply
under §85.1002 of this title (relating to Filing of New Application).
(e) Administrative penalty. If a person has engaged
in the purchase of crafted precious metal while its registration was
not effective, the person may be subject to an administrative penalty
under Texas Occupations Code, §1956.0615.
(f) Temporary locations. A registration for a temporary
location is effective from the date of its issuance until it expires
on December 31. A registration for a temporary location is not renewable.
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