This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date: 2020-10-30

Legal Cites

Object Type

Cash — Business Regulation

Origin Date

September 1, 1991 by H.B. 46, 72nd Leg., R.S.

Description

Created under Finance Code §§ 153.104, 153.106, 153.113, 153.402. An applicant for a currency exchange or currency transmission license had to submit an application accompanied by a non-refundable application and license fee, a non-refundable investigation fee and an annual renewal fee. A separate license required for each location. Commission set license application fees, license renewal fees and exam fees in amounts reasonable and necessary to defray administration costs. Civil penalty was up to $5,000 a day. 

Due Date

Deposit Funds

Note

Collected by Texas Department of Banking, Agency 451.

Amended by H.B. 10, 75th Leg., R.S.

Amended by H.B. 1763, 77th Leg., R.S.

Repealed 9-1-05 by H.B. 2218, 79th Leg., R.S. See now Revenue Code 3172 (Money Service Businesses).

USAS Values

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