Texas Finance Code 154.104 – Term of Permit
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(a) The commission by rule shall prescribe the term of a permit issued under this subchapter.
(b) If the commission prescribes the term of a permit issued under this subchapter for a period other than one year, the commission shall prorate the fee required under this subchapter as necessary to reflect the term of the permit.
Terms Used In Texas Finance Code 154.104
- Rule: includes regulation. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005