(a) Registration term and renewal. An initial registration is effective from the date of its issuance until December 31. A registration must be renewed annually to remain effective. After renewal, a registration is effective for a term of one year, from January 1 to December 31.
(b) Renewal requirements. A registered tax refund anticipation loan facilitator may renew its registration by providing the following:
  (1) the renewal fees required by §87.105(c) of this title (relating to Fees);
  (2) any late filing fees required by §87.105(d) of this title; and
  (3) any other information required by the OCCC.
(c) Due date for renewal fee. The annual renewal fee and information described by subsection (b) of this section are due by December 31 of each year.
(d) Expiration. If a facilitator does not pay the annual renewal fee, the registration will expire on December 31. A facilitator may not renew a registration that has been expired for more than one year. If a facilitator's registration has been expired for more than one year, then the facilitator must apply for a new registration under §87.102 of this title (relating to Filing of New Application) in order to obtain a registration.

Source Note: The provisions of this §87.107 adopted to be effective November 8, 2007, 32 TexReg 7916; amended to be effective September 8, 2016, 41 TexReg 6683; amended to be effective September 5, 2019, 44 TexReg 4723