Texas Finance Code 371.007 – Staggered Renewal of Licenses
Current as of: 2024 | Check for updates
|
Other versions
(a) The Finance Commission of Texas by rule may adopt a system under which licenses issued under this chapter expire on various dates during the year.
(b) For a year in which an expiration date is changed, a license fee payable on the date of issuance shall be prorated according to the number of months during which the license is valid.
Terms Used In Texas Finance Code 371.007
- Rule: includes regulation. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) On renewal of a license on the new expiration date, the total license fee is payable.