1. (a) Each authorized debt management services provider must file an annual report under this section on forms prescribed by the commissioner and must comply with all instructions from the commissioner relating to submitting the report.

2. (b) Each year, at the time of annual renewal, an authorized debt management services provider must file with the commissioner, in a form prescribed by the commissioner, a report that contains the following:

   1. (1) the information required by Texas Finance Code, §394.205;
   2. (2) a list of all owners and principal parties, including any change in ownership that occurred during the preceding calendar year; and
   3. (3) information regarding the provider's credit counselors, including the number of credit counselors employed at the time the annual report is prepared, and the accreditation organization or program that certifies the provider's counselors.
3. (c) Upon request by the commissioner, the provider must provide any other information the commissioner deems relevant concerning the provider's business and operations during the preceding calendar year for the registered location of the provider in this state where business is conducted under this chapter.

Source Note:The provisions of this §88.202 adopted to be effective November 10, 2005, 30 TexReg 7215; amended to be effective September 6, 2007, 32 TexReg 5661.