Sec. 151.603. REPORTS. (a) An applicant or license holder shall file a written report with the commissioner not later than the 15th day after the date the applicant or license holder knows or has reason to know of a material change in the information reported in an application or annual report required under Section 151.207(b)(2). The report must describe the change and the anticipated impact of the change on the activities of the applicant or license holder in this state.
(b) A money transmission license holder shall prepare written reports and statements as follows:
(1) the annual report required by Section 151.207(b)(2), including an audited unconsolidated financial statement that is dated as of the last day of the license holder's fiscal year that ended in the immediately preceding calendar year;
(2) a quarterly interim financial statement and report regarding the permissible investments required to be maintained under Section 151.309 that reflect the license holder's financial condition and permissible investments as of the last day of the calendar quarter to which the statement and report relate and that are prepared not later than the 45th day after the last day of the calendar quarter; and
(3) any other report required by rule of the commission or reasonably requested by the commissioner to determine compliance with this chapter.
(c) A currency exchange license holder shall prepare a written report or statement as follows:
(1) the annual report required by Section 151.207(b)(2), including a financial statement that may be audited or unaudited and that is dated as of the last day of the license holder's fiscal year that ended in the immediately preceding calendar year;
(2) a quarterly interim financial statement and transaction report that reflects the license holder's financial condition and currency exchange business as of the last day of the calendar quarter to which the statement and report relate and that are prepared not later than the 45th day after the last day of the calendar quarter; and
(3) any other report required by rule of the commission or reasonably requested by the commissioner to determine compliance with this chapter.
(c-1) Repealed by Acts 2019, 86th Leg., R.S., Ch. 198 (H.B. 2458), Sec. 23, eff. May 24, 2019.
(d) A license holder shall file the statements and reports required under this section with the commissioner as required by this chapter, by commission rule, or as requested by the commissioner.
(e) On written application and for good cause shown, the commissioner may extend the time for preparing or filing a statement or report required under this section.
Added by Acts 2005, 79th Leg., Ch. 1099 (H.B. 2218), Sec. 1, eff. September 1, 2005.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 988 (H.B. 2134), Sec. 15, eff. September 1, 2013.
Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 10, eff. June 19, 2015.
Acts 2019, 86th Leg., R.S., Ch. 198 (H.B. 2458), Sec. 23(2), eff. May 24, 2019.
