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Texas Finance Code - FIN § 158.058. Renewal of Registration

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) On or before December 31 of each year, a registrant shall renew its registration for the next calendar year and shall pay to the commissioner a renewal fee in an amount not to exceed $500 as determined by the finance commission. To renew a registration, a registrant must continue to meet all standards for registration provided by this chapter.

(b) If a registrant fails to file a renewal and pay the renewal fee on or before December 31 of a calendar year, the registrant's registration is considered expired at that time and the registrant:

(1) must reapply for registration as provided by Section 158.053; and

(2) may not conduct business as a residential mortgage loan servicer until the registration is approved.

(c) The commissioner may refuse to renew a registration if the registrant:

(1) has failed to pay any fees or penalties imposed under this chapter;

(2) has failed to provide the surety bond required under this chapter; or

(3) is not in compliance with any final order of the commissioner.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 158.058. Renewal of Registration - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-158-058/

Read this complete Texas Finance Code - FIN § 158.058. Renewal of Registration on Westlaw

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