State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3172 – Financial Institution Regulation – Credit Access Operation
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Local/Inactive

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.

Legal Citations:
  • Finance Code sec. 14.107, sec. 393.604, sec. 393.612
Revenue Type: Cash — Business Regulation
Origin Date: 2011 by H.B. 2594, 82nd Leg., R.S.
Issue Date: 2012-01-01
Revised Date: 2020-10-30

Description


License fees in Finance Code Ch. 393, §14.107, and investigation fees of $200. Paid by credit service organizations for each location it operates as a credit access business that assists a consumer in obtaining a deferred presentment transaction or a motor vehicle title loan.



Due Date


Annual license fee due December 31.



Deposit Funds


  • Account in the Texas Safekeeping Trust Company.



Notes


Collected by the office of Consumer Credit Commission, Agency 466, a semi-independent agency with funds in the Texas Safekeeping Trust Company, effective 9-1-09, H.B. 2774, 81st Leg., R.S.



USAS Values


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USAS Status
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Accessibility Policy