Texas Finance Code
§ 398.053 — PROVIDER AND BROKER REGISTRATION
FI § 398.053Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 398. COMMERCIAL SALES-BASED FINANCING · Art. B. REGULATION AND DISCLOSURE REQUIREMENTS
Statute text
View on source(a)A person may not engage in business as a provider or a commercial sales-based financing broker for compensation in this state unless, before conducting business, the person registers with the Office of Consumer Credit Commissioner. The registration is effective on receipt by the commissioner of a completed registration form as provided by Subsection (d) and the required registration fee and remains effective until renewal or termination by the Office of Consumer Credit Commissioner.
(b)On or before January 31 of each year after filing an initial registration, a provider or broker shall file a renewal registration form with the required renewal registration fee.
(c)The provider or broker shall pay a registration fee on filing an initial registration and a renewal registration fee on filing a renewal registration.
(d)The registration or renewal registration form must include:
(1)the name of the provider or broker;
(2)the name under which the provider or broker transacts business, if different from the name of the provider or broker;
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Legislative history
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.