Issue Date: 2005-09-01
Revised Date: 2017-09-01

Legal Cites

Object Type

Cash — Business Regulation

Origin Date

Sept. 1, 2005 by H.B. 2218, 78th Leg., R.S.

Description

An applicant for a money service businesses license may pay reasonable expenses of an on-site or third party investigation and a non-refundable investigation fee. Applicant shall pay application and annual renewal fee.

The commission may require license fees be submitted through the Nationwide Multistate Licensing System and Registry.

Due Date

 As determined by the Commission.

Deposit Funds

  •  Account in the Texas Safekeeping Trust Company, outside the Treasury.

Note

Previously deposited to the General Revenue Fund (No. 0001). Securities previously deposited to the Money Service Business Security Trust Fund (No. 0841) now to Texas Safekeeping Trust Company. This includes check sellers (Revenue Code 3175) and currency exchange (Revenue Code 3172) fees that were repealed by H.B. 2218.

Effective 9-1-09, H.B. 2774, 81st Leg., R.S., made the Texas Department of Banking, Agency 451, a semi-independent agency with funds in the Texas Safekeeping Trust Company. This revenue code is utilized by semi-independent financial institutions for accounting purposes only.

Amended by H.B. 2134, 83rd Leg., R.S.

Amended by S.B. 1403, 85th Leg., R.S.

USAS Values

Appropriation Year 18
USAS Title FINANCIAL INSTITUTION REGULATION
Receipt Category 03 – Business Regulation
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status I
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES