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: 2025-09-01
Revised Date:

Legal Citations

  • Finance Code sec. 398.053, sec. 398.101

Object Type

Cash — Business Regulation

Origin Date

H.B. 700, 89th Leg., R.S.

Description

Sales-based financing brokers must register with the Office of Consumer Credit Commissioner before conducting business in Texas. Brokers are required to pay a fee, set by the commissioner, on initial filing and renewal of registration.

The commissioner may assess a civil penalty of $10,000 for each violation of Finance Code, Ch. 398. This penalty is collected under revenue object 3717 - Civil Penalties.

Due Date

At time of filing.

Deposit Funds

  • Account in the Texas Safekeeping Trust Company.

Note

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