|(a) Required submission to NMLS. To become an RMLO,
an OCCC applicant must submit the required fees to NMLS. A fee is
required to be submitted at the time of application and at the time
of renewal. All fees are nonrefundable and nontransferable. However,
upon review of individual circumstances, the OCCC may refund or transfer
the state fees.
(b) Fingerprint processing fees. Fingerprint processing
fees must also be paid in the amount necessary to recover the costs
of investigating the OCCC applicant's fingerprint record (amount required
by third party).
(c) OCCC application and renewal fees. The Finance
Commission of Texas sets the RMLO application fee at an amount not
to exceed $200 and the RMLO annual renewal fee not to exceed $200
for applications filed with the OCCC. Annual renewal fees are due
to NMLS by December 31 of each year. A third party operates NMLS and
that third-party operator sets the amount of the required system fees.
Applicants and RMLOs must pay all required application and renewal
fees, fingerprint processing fees, and any additional amounts required
by the third-party operator.
(d) OCCC reinstatement period and fee. The Finance
Commission of Texas sets the RMLO reinstatement fee at $50 for applications
filed with the OCCC. The reinstatement period for OCCC applicants
runs from January 1 through the last day of February each year.
|Source Note: The provisions of this §2.104 adopted to be effective May 6, 2010, 35 TexReg 3470; amended to be effective September 6, 2012, 37 TexReg 6908; amended to be effective November 7, 2013, 38 TexReg 7681; amended to be effective March 12, 2015, 40 TexReg 1061; amended to be effective May 7, 2020, 45 TexReg 2827