| (6) If you owe a late fee as provided by subsection
(h)(1) of this section, you must pay this fee immediately upon receipt
of the department's written invoice.
(7) The department will bill you for any additional
examination fees required under subsection (h)(2), (3) or (4) of this
section by written invoice. You must pay this additional examination
fee within 10 days of receipt of the department's written invoice.
(8) A fee is considered paid as of the date the department
receives payment.
(j) What if I cannot afford the annual assessment?
(1) This subsection applies only if you hold a currency
exchange license. If you are experiencing financial difficulties,
you may be able to obtain a temporary reduction in the amount of your
annual assessment for one year by meeting the requirements of this
subsection.
(2) To request a reduction in your annual assessment,
you must file a written application as described in paragraph (2)(A)
of this subsection and the commissioner must find that your application
satisfies the requirements described in paragraph (2)(B) of this subsection.
If the commissioner decides to reduce your annual assessment, the
commissioner has discretion to determine the amount of the reduction.
(A) To request a reduction in your annual assessment,
you must:
(i) file a written application with the department
not later than 10 days before the date the current annual assessment
is due, accompanied by a written business recovery plan and other
supporting documentation sufficient to demonstrate that you satisfy
each factor described in paragraph (2)(B) of this subsection; and
(ii) file any additional documentation the department
requests not later than the seventh day after the date you receive
the written request.
(B) The commissioner will not reduce your annual assessment
unless the commissioner finds, based on your application and supporting
documentation, that:
(i) Your payment of the full assessment will cause
you to become financially insolvent, and your current or impending
financial condition is temporary and you reasonably expect to have
the ability to pay your annual assessment in full by at least the
third year after the year in which your request is made, based on
a written business recovery plan that is reasonable and attainable;
or
(ii) your business is temporarily closed during the
annual assessment period and you have conducted no currency exchange
activities during that period.
|
| Source Note: The provisions of this §33.27 adopted to be effective August 31, 2006, 31 TexReg 6643; amended to be effective November 10, 2011, 36 TexReg 7508; amended to be effective January 2, 2014, 38 TexReg 9486; amended to be effective September 4, 2014, 39 TexReg 6827; amended to be effective January 4, 2018, 42 TexReg 7581; amended to be effective May 10, 2018, 43 TexReg 2747; amended to be effective November 7, 2019, 44 TexReg 6522; amended to be effective July 12, 2020, 45 TexReg 4499; amended to be effective May 12, 2022, 47 TexReg 2735; amended to be effective November 16, 2023, 48 TexReg 6584 |
