| (a) License term and renewal. A new license is effective
from the date of its issuance until October 31. A license must be
renewed annually to remain effective. After renewal, a license is
effective for a term of one year, from November 1 of a calendar year
to October 31 of the next calendar year.
(b) Due date for annual assessment fee. The annual
assessment fee is due by October 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) October 31 of each year; or
(2) the 16th day after notice of delinquency is given
under subsection (c) of this section.
(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.
(f) Temporary provision. Notwithstanding subsections
(a) and (d) of this section, if a licensee renews a license during
2019, or obtains a new license on or after August 1, 2019, then the
license will be effective until October 31, 2020. The license must
be renewed in order to remain in effect after October 31, 2020. This
subsection expires on January 1, 2021.
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