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 shall be payable as follows:

   1. (1) A retail seller, creditor, holder, or assignee shall 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 shall 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 shall be due and payable by October 31st 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 will issue a decal evidencing registration under the provisions of Texas Finance Code, Chapter 345 or 347, and this section. This decal shall be:

   1. (1) affixed to a door or window of the principal entrance; or
   2. (2) displayed in a prominent location readily visible to the consumer.

Source Note:The provisions of this §86.102 adopted to be effective November 9, 2006, 31 TexReg 9017.