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 Citations

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

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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