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Revenue Object 3175 – Professional Fees – Service Contract Providers and Administrators |
| Legal Citations: |
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| Revenue Type: Cash — Business Regulation |
| Origin Date: September 1, 1999 by S.B. 1775, 76th Leg., R.S. |
| Issue Date: 2003-09-01 |
| Revised Date: 2020-09-17 |
A person may not operate as a service contract provider or administrator unless registered. Each applicant shall pay a registration and renewal fee based on the number of contracts sold during the preceding 12 months to cover costs of administration. Administrative penalties not to exceed $5,000 per day (collected under revenue object 3770). Civil penalties not to exceed $2,500 per violation or $50,000 aggregate (collected under revenue object 3717).
New license status of inactive, temporary and emergency, fees set by the department.
Annually as established by the department.
S.B. 279, 78th Leg., R.S. amended and changed administrative fee from $500 per violation to $5,000.
Amended by H.B. 1286, 79th Leg., R.S.
License status added by H.B. 2310, 81st Leg., R.S.
| Appropriation Year | 26 |
|---|---|
| USAS Title | PROFESSIONAL FEES |
| Receipt Category | 03 – Business Regulation |
| Receipt Type | 10 – Business/Professional Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |