Texas Finance Code

§ 154.054 — EXAMINATION FEE

FI § 154.054Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. B. POWERS AND DUTIES OF DEPARTMENT

Statute text

View on source

(a)For each examination conducted under Section 154.053, the commissioner or the commissioner's agent shall impose on the seller a fee in an amount set by the commission under Section 154.051 and based on the seller's total outstanding contracts.

(b)The amount of the fee must be sufficient to cover:

(1)the cost of the examination, including:

(A)salary and travel expenses for department employees, including travel to and from the place where the records are kept; and

(B)any other expense necessarily incurred in conducting the examination;

(2)the equitable or proportionate cost of maintaining and operating the department; and

…

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 74, eff. Sept. 1, 2001.