1. (a) Locations requiring registration. An annual registration fee is required for each location operated by a retail seller, creditor, holder or assignee.

2. (b) Annual fee. An annual fee is required under the provisions of Texas Finance Code, §345.351 or §347.451 and will be payable as follows:

   1. (1) A retail seller, creditor, holder, or assignee must pay a registration fee for every chapter under which business is conducted.
   2. (2) A retail seller, holder, creditor, or assignee who begins business under Texas Finance Code, Chapter 345 or 347 must pay the annual fee within 60 days after the first day of commencing regulated operations.
   3. (3) The annual fee for each subsequent calendar year will be due and payable by October 31 of each year.
   4. (4) The registration is not transferable between locations. Each new location must comply with the provisions in paragraph (2) of this subsection.
   5. (5) No annual fee is required for a location operated by a retail seller, creditor, holder, or assignee operating under the provisions of Texas Finance Code, Chapter 345 or 347, provided the personnel at the location are not conducting regulated business with the consumer (e.g., storage, web-hosting, or data processing facility).
3. (c) Evidence of registration. The Office of Consumer Credit Commissioner (OCCC) will issue a certificate evidencing registration under the provisions of Texas Finance Code, Chapter 345 or 347, and this section. A registrant may print a copy of its registration certificate through the OCCC's online licensing portal.
4. (d) Registration duplicates sent by mail. If a registrant does not print its registration certificate online, the registrant may request that the OCCC mail a registration duplicate for a fee of $10 per certificate mailed.

Source Note:The provisions of this §86.102 adopted to be effective November 9, 2006, 31 TexReg 9017; amended to be effective March 12, 2015, 40 TexReg 1067.