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: 2001-09-01
Revised Date: 2020-10-30

Legal Cites

  • Finance Code sec. 349.302, sec. 349.303, sec. 353.502, sec. 353.506, ch. 348

Object Type

Cash — Business Regulation

Origin Date

Sept. 1, 2001 by S.B. 317, 77th Leg., R.S.

Description

Application for a license to a lender for motor vehicle sales authorized under Finance Code ch. 342 or ch. 353. Applicant shall pay an annual license fee set by the commission under § 14.107 of this code and a $200 investigation fee upon filing. Annual license fee per section 353.506.

Late registration may be obtained by paying additional $250 late fee unless renewed within 30 days of due date. Late licensing may be obtained by paying additional $10,000 late filing fee unless renewed within 180 days. A $1,000 late filing fee is due if prior license was in good standing.

Due Date

 Annual license fee due December 1.

Deposit Funds

  •  Account in the Texas Safekeeping Trust Company.

Note

Were deposited to the General Revenue Fund (No. 0001). Effective 9-1-09, H.B. 2774, 81st Leg., R.S., made the Office of the Consumer Credit Commission, Agency 466, a semi-independent agency with funds in the Texas Safekeeping Trust Company.

H.B. 2559, 82nd Leg., R.S., effective Jan. 1, 2012, added chapter 353.

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