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: 2005-09-01
Revised Date: 2023-09-01

Legal Citations

  • Finance Code ch. 152

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.

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 This includes check sellers (Revenue Code 3175) and currency exchange (revenue code 3172) fees that were repealed by H.B. 2218.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.

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

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

S.B. 895, 88th Leg., R.S. repealed Finance Code Ch. 151 and replaced with Ch. 152.

USAS Values

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