1. (a) An athlete agent or financial services contract is deemed filed when it is properly addressed and placed in the United States Post Office or in the hands of a common or contract carrier or successfully transmitted by fax or by e-mail. The post office cancellation mark, the receipt mark of a common or contract carrier, a fax transmission report, or confirmation of receipt of e-mail is prima facie evidence of the date the contract was deposited with the post office or carrier or transmitted by fax or e-mail.
2. (b) Contracts not filed within the time period established by §78.50 of this title (relating to Initial Filing Date) are late.

3. (c) Contracts not received by the Office of the Secretary of State within ten days of the date the athlete signs the contract are subject to an administrative penalty. Said penalty will be assessed on the following basis:

   1. (1) a fine of $100, plus;
   2. (2) $20/day for each day that the contract is late.
4. (d) Assessment of the fine described in subsection (c) of this section does not preclude the secretary of state from taking other disciplinary action authorized by Chapter 2051 of the Texas Occupations Code.

Source Note:The provisions of this §78.53 adopted to be effective June 13, 1994, 19 TexReg 4251; amended to be effective September 11, 2008, 33 TexReg 7511.