| (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.
(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.
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| Source Note: The provisions of this §89.403 adopted to be effective November 8, 2007, 32 TexReg 7920; amended to be effective November 9, 2017, 42 TexReg 6131; amended to be effective September 5, 2019, 44 TexReg 4724 |
