(a) License term and renewal. A new license is effective from the date of its issuance until October 31. A license must be renewed annually to remain effective. After renewal, a license is effective for a term of one year, from November 1 of a calendar year to October 31 of the next calendar year.     
      (b) Due date for annual assessment fee. The annual assessment fee is due by October 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) October 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, §349.301 and §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.     
      (f) Temporary provision. Notwithstanding subsections (a) and (d) of this section, if a licensee renews a license during 2019, or obtains a new license on or after August 1, 2019, then the license will be effective until October 31, 2020. The license must be renewed in order to remain in effect after October 31, 2020. This subsection expires on January 1, 2021.     
     Source Note:        The provisions of this §84.617 adopted to be effective September 5, 2019, 44 TexReg 4717