Sec. 901.403. APPLICATION FOR AND RENEWAL OF LICENSE. (a) The board shall specify:
(1) the form of the application for a license;
(2) the term of a license; and
(3) the requirements for renewal of a license.
(b) The board by rule may adopt a system under which licenses expire on various dates during the year. For the year in which the license expiration date is changed, the board shall prorate license fees on a monthly basis so that each license holder pays only that portion of the license fee that is allocable to the number of months during which the license is valid. On renewal of the license on the new expiration date, the total license renewal fee is payable.
(c) The board shall require an applicant for renewal of a license to comply with the requirement of Section 901.169(a).
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1497, Sec. 26, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 525, Sec. 17, eff. Sept. 1, 2003.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 181 (H.B. 1520), Sec. 14, eff. September 1, 2019.
Structure Texas Statutes
Title 5 - Regulation of Financial and Legal Services
Subtitle A - Financial Services
Subchapter I. License Requirements, Issuance, and Renewal
Section 901.401. License Required
Section 901.402. Eligibility Requirements; General Prohibition
Section 901.403. Application for and Renewal of License
Section 901.404. Notice of License Expiration
Section 901.405. Procedure for Renewal
Section 901.408. Consequence of Failure to Pay Certain Fees
Section 901.409. Fee Reduction for Retired Persons or Persons With Disabilities