Tex. Fin. Code Section 158.058
Renewal of Registration

(a)

On or before December 31 of each year, a registrant shall renew its registration for the next calendar year and shall pay to the commissioner a renewal fee in an amount not to exceed $500 as determined by the finance commission. To renew a registration, a registrant must continue to meet all standards for registration provided by this chapter.

(b)

If a registrant fails to file a renewal and pay the renewal fee on or before December 31 of a calendar year, the registrant’s registration is considered expired at that time and the registrant:

(1)

must reapply for registration as provided by Section 158.053 (Application for Registration; Fee); and

(2)

may not conduct business as a residential mortgage loan servicer until the registration is approved.

(c)

The commissioner may refuse to renew a registration if the registrant:

(1)

has failed to pay any fees or penalties imposed under this chapter;

(2)

has failed to provide the surety bond required under this chapter; or

(3)

is not in compliance with any final order of the commissioner.
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.

Source: Section 158.058 — Renewal of Registration, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­158.­htm#158.­058 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 158.058’s source at texas​.gov