| (a) Locations requiring registration. An annual registration
fee is required for each location operated by a retail seller, creditor,
holder or assignee.
(b) Annual fee. An annual fee is required under the
provisions of Texas Finance Code, §345.351 or §347.451 and
will be payable as follows:
(1) The annual fee is $10 for a registration under
Texas Finance Code, Chapter 345.
(2) The annual fee is $15 for a registration under
Texas Finance Code, Chapter 347.
(3) A retail seller, creditor, holder, or assignee
must pay an annual fee for every chapter under which business is conducted.
(4) The registration is not transferable between locations.
A retail seller, creditor, holder, or assignee must obtain a registration
for each new location.
(5) No annual fee is required for a location operated
by a retail seller, creditor, holder, or assignee operating under
the provisions of Texas Finance Code, Chapter 345 or 347, provided
the personnel at the location are not conducting regulated business
with the consumer (e.g., storage, web-hosting, or data processing
facility).
(c) Late filing fee. As provided by Texas Finance Code, §349.302(b),
a person must pay a $250 late filing fee for each registered location
if the person:
(1) obtains a new registration after the person has
begun engaging in business under Texas Finance Code, Chapter 345 or
347; or
(2) obtains a renewal more than 30 days after expiration.
(d) Evidence of registration. The Office of Consumer
Credit Commissioner (OCCC) will issue a certificate evidencing registration
under the provisions of Texas Finance Code, Chapter 345 or 347, and
this section. A registrant may print a copy of its registration certificate
through the OCCC's online licensing portal.
(e) Registration duplicates sent by mail. If a registrant
does not print its registration certificate online, the registrant
may request that the OCCC mail a registration duplicate for a fee
of $10 per certificate mailed.
|
| Source Note: The provisions of this §86.102 adopted to be effective November 9, 2006, 31 TexReg 9017; amended to be effective March 12, 2015, 40 TexReg 1067; amended to be effective September 5, 2019, 44 TexReg 4723; amended to be effective September 7, 2023, 48 TexReg 4850 |
