1. (a) NMLS. In order to submit a property tax lender license application, an applicant must submit a complete, accurate, and truthful license application through NMLS (or a successor system designated by the OCCC), using the current form prescribed by the OCCC. An application is complete when it conforms to the OCCC's written instructions and necessary fees have been paid. The OCCC has made application checklists available through NMLS, outlining the necessary information for a license application.

2. (b) Company license application. A company license application will include the following information and any other information listed in the OCCC's written instructions:

   1. (1) A company form including the name of the applicant entity, contact information, registered agent, location of books and records, bank account information, legal status, and responses to disclosure questions.
   2. (2) An individual form for each key individual, including name, contact information, and responses to disclosure questions.
   3. (3) A business operating plan describing the source of consumers, purpose of loans, size of loans, and source of working capital.
   4. (4) A management chart showing the applicant's divisions, officers, and managers.
   5. (5) An organizational chart if the applicant is owned by another entity or entities, or has subsidiaries or affiliated entities.
   6. (6) A statement of experience detailing prior experience relevant to the license sought.
   7. (7) A certificate of formation or other formation document.
   8. (8) Any assumed names or other trade names that the applicant will use, and an assumed name certificate for each assumed name or other trade name.
   9. (9) Franchise tax account information showing that the applicant entity is authorized to do business in Texas.

   10. (10) Financial statement and supporting financial information complying with generally accepted accounting principles (GAAP). The OCCC may require a bank confirmation to confirm account balance information with financial institutions.

       1. (A) If a financial statement is unaudited, then it should be dated no earlier than 60 days before the application date.
       2. (B) If a financial statement is audited, then it should be dated no earlier than one year before the application date.
   11. (11) Loan forms that the applicant intends to use, including disclosures and loan contracts.

3. (c) Branch license application. A branch license application will include the following information and any other information listed in the OCCC's written instructions:

   1. (1) A branch form including the address of the branch, contact details, and business activities.
   2. (2) Any assumed name or other trade name that the applicant will use, and an assumed name certificate for each assumed name or other trade name.
   3. (3) A financial statement and supporting financial information, as described by subsection (b)(10) of this section.
   4. (4) For a license application involving a transfer of ownership, documentation of the transfer of ownership as described by §89.303 of this title
4. (d) Supplemental information. The OCCC may require additional, clarifying, or supplemental information or documentation as necessary or appropriate to determine that an applicant meets the licensing requirements of Texas Finance Code, Chapter 351.
5. (e) Amendments to pending application. An applicant must immediately amend a pending application if any information changes requiring a materially different response from information provided in the original application.

Source Note:The provisions of this §89.302 adopted to be effective November 8, 2007, 32 TexReg 7919; amended to be effective July 5, 2012, 37 TexReg 4874; amended to be effective November 9, 2017, 42 TexReg 6131; amended to be effective January 1, 2026, 50 TexReg 8552.