Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 393.101 - Registration Statement(a) Before conducting business in this state, a credit services organization shall register with the secretary of state by filing a statement that: (1) contains the name and address of: (A) the organization; and(B) each person who directly or indirectly owns or controls at least 10 percent of the outstanding shares of stock in the organization; and(2) fully discloses any litigation or unresolved complaint relating to the operation of the organization filed with a governmental authority of this state or contains a notarized statement that there has been no litigation or unresolved complaint of that type.(b) The organization shall keep a copy of the registration statement in its files.(c) The secretary of state may not require an organization to provide information other than information contained in the registration statement.(d) A registration certificate expires on the first anniversary of its date of issuance. A registered credit services organization may renew a registration certificate by filing a renewal application, in the form prescribed by the secretary of state, and paying the renewal fee.Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.44(a), eff. 9/1/1999. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.