Texas Comptroller of Public Accounts
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Revenue Object 3175 – Professional Fees – Vehicle Protection Product Warrantor |
Repealed
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: |
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| Revenue Type: Cash — Business Regulation |
| Origin Date: 2001 by S.B. 714, 77th Leg., R.S. |
| Issue Date: |
| Revised Date: 2017-09-01 |
A person may not operate as a warrantor or represent to the public the person is a warrantor unless registered with the department. Each registered warrantor shall pay an annual registration fee as set by the commission to cover costs of administration. The department shall develop a tiered fee structure assessing fees based on number of vehicle protection products sold in the state in the 12 months preceding date of registration. Administrative penalties up to $5,000 per day (collected under Revenue Object 3770). Civil penalties up to $1,000 for each violation or $50,000 for all similar violations (collected under Revenue Object 3717).
New license status of Inactive, Temporary and Emergency, fees set by the department.
As determined by department
Amended by S.B. 279, 78th Leg., R.S. and administrative penalty changed to $5,000.
New license status added by H.B. 2310, 81st Leg., R.S.
Repealed by S.B. 2065, 85th Leg., R.S.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 |