Section 89.403 - License Term, Renewal, and Expiration(a) License term and renewal. A new license is effective from the date of its issuance until December 31. A license must be renewed annually to remain effective. After renewal, a license is effective for a term of one year, from January 1 to December 31. (b) Due date for annual assessment fee. The annual assessment fee is due by December 1 of each year.(c) Notice of delinquency. If a licensee does not pay the annual assessment fee, the OCCC will send a notice of delinquency. Notice of delinquency is given when the OCCC sends the notice: (1) by mail to the address on file with the OCCC as a master file address; or(2) by e-mail to the address on file with the OCCC as a master file e-mail address, if the licensee has provided a master file e-mail address.(d) Expiration. If a licensee does not pay the annual assessment fee, the license will expire on the later of: (1) December 31 of each year; or (2) the 16th day after notice of delinquency is given under subsection (c) of this section. (e) Reinstatement. As provided by Texas Finance Code, § RSA 349.301 and § RSA 349.303(a), if a license was in good standing when it expired, a person may reinstate the expired license not later than the 180th day after its expiration date by paying the annual assessment fee and a $1,000 late filing fee.7 Tex. Admin. Code § 89.403
The provisions of this §89.403 adopted to be effective November 8, 2007, 32 TexReg 7920; Amended by Texas Register, Volume 42, Number 44, November 3, 2017, TexReg 6139, eff. 11/9/2017; Amended by Texas Register, Volume 44, Number 35, August 30, 2019, TexReg 4725, eff. 9/5/2019