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; 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, Sec. 1, eff. 9/1/2011.