Section 83.3009 - License Inactivation or Voluntary Surrender(a) Inactivation of active license. A licensee may cease operating under a credit access business license and choose to inactivate the license. A license may be inactivated by giving notice of the cessation of operations not less than 30 calendar days prior to the anticipated inactivation date. Notification must be provided by filing a license amendment or an approved electronic submission as prescribed by the OCCC. The notice must include the new mailing address for the license, the effective date of the inactivation, and the fee for amending the license. A licensee must continue to pay the yearly renewal fees for an inactive license as outlined in § RSA 83.3010 of this title (relating to Fees), or the license will expire as described by § RSA 83.4002 of this title (relating to License Term and Annual Renewal).(b) Activation of inactive license. A licensee may activate an inactive license by giving notice of the intended activation not less than 30 calendar days prior to the anticipated activation date. Notification must be provided by filing a license amendment or an approved electronic submission as prescribed by the OCCC. The notice must include the contemplated new address of the licensed office, the approximate date of activation, and the fee for amending the license as outlined in § RSA 83.3010 of this title.(c) Voluntary surrender of license. Subject to § RSA 83.4005(b) of this title (relating to Effect of Revocation, Suspension, or Surrender of License), a licensee may voluntarily surrender a license by providing written notice of the cessation of operations, a request to surrender the license, and by submitting the license certificate. A voluntary surrender will result in cancellation of the license.7 Tex. Admin. Code § 83.3009
The provisions of this §83.3009 adopted to be effective November 10, 2011, 36 TexReg 7518; Amended by Texas Register, Volume 44, Number 35, August 30, 2019, TexReg 4717, eff. 9/5/2019