Issue Date: 2003-09-01
Revised Date: 2014-05-20

Legal Cites

Object Type

Cash — Business Regulation

Origin Date

September 1, 1999 by S.B. 1775, 76th Leg., R.S.

Description

A person may not operate as a service contract provider or administrator unless registered. Each applicant shall pay a registration and renewal fee based on the number of contracts sold during the preceding 12 months to cover costs of administration. Administrative penalties not to exceed $5,000 per day (collected under Revenue Object 3770). Civil penalties not to exceed $2,500 per violation or $50,000 aggregate (collected under Revenue Object 3717).

New license status of Inactive, Temporary and Emergency, fees set by the department.

Due Date

Annually as established by the department.

Note

S.B. 279, 78th Leg., R.S. amended and changed administrative fee from $500 per violation to $5,000.
 
Amended by H.B. 1286, 79th Leg., R.S.

License status added by H.B. 2310, 81st Leg., R.S.

USAS Values

Appropriation Year 20
USAS Title PROFESSIONAL FEES
Receipt Category 03 – Business Regulation
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES