Texas § 156.502 FUNDING.

Texas Statutes

§ 156.502 — FUNDING.

Texas § 156.502

Code FIFinance Code

This text of Texas § 156.502 (FUNDING.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 156.502 (2026).

Text

Text of section as amended by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 6 Sec. 156.502. FUNDING.

(a)On an application for an original license issued under Chapter 157 , the applicant, in addition to paying the original application fee, shall pay a fee in the amount of $20. The fee shall be deposited in the recovery fund. (a-1) All or any portion of the amount of a penalty that is collected by the commissioner under Sections 156.302 , 156.303 , 157.023 , 157.024 , 157.031 , 158.105 , and 180.202 , as determined by the commissioner, may be deposited to the credit of the recovery fund at the end of each fiscal year. Without reference to the amendment of this subsection, this subsection was repealed by Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900 ), Sec. 7(3), eff. September 1,

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Text of section as amended by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 6
Sec. 156.502. FUNDING. (a) On an application for an original license issued under Chapter 157 , the applicant, in addition to paying the original application fee, shall pay a fee in the amount of $20. The fee shall be deposited in the recovery fund.
(a-1) All or any portion of the amount of a penalty that is collected by the commissioner under Sections 156.302 , 156.303 , 157.023 , 157.024 , 157.031 , 158.105 , and 180.202 , as determined by the commissioner, may be deposited to the credit of the recovery fund at the end of each fiscal year.
Without reference to the amendment of this subsection, this subsection was repealed by Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900 ), Sec. 7(3), eff. September 1, 2021.
(b) If the balance remaining in the recovery fund at the end of a calendar year is more than $3.5 million, the amount of money in excess of that amount shall be remitted by the commissioner to the comptroller for deposit in the mortgage grant fund established under Subchapter G.

Legislative History

Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774 ), Sec. 20, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774 ), Sec. 21, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774 ), Sec. 29, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 39, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004 ), Sec. 41, eff. September 1, 2013. Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 6, eff. September 1, 2021. Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900 ), Sec. 7(3), eff. September 1, 2021.