Sec. 2153.303.  MANDATORY DENIAL OF LICENSE FOR FAILURE TO COMPLY WITH CERTAIN PROVISIONS.  The comptroller may not issue or renew a license if the applicant fails to:
(1)  designate and maintain an office located in the state as required by Section 2153.153;  or
(2)  allow the comptroller to inspect records that the applicant is required to maintain under this chapter.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.