6.25 percent of gross receipts. A motor vehicle seller who holds a dealer’s license from the Texas Department of Motor Vehicles and finances the vehicles it sells collects this tax on these vehicle sales when the buyer makes payment. Phone: 512-936-7605, Fax: 512-936-7610, Email: licensing@occc.texas.gov, TRAIL (Texas Records and Information Locator), Add an additional licensed location or registered office, Check the status of a license application, renewal, or other requested changes, File required annual reports (with the exception of Credit Access Businesses), Make payments online for activities completed through ALECS. Primary statutes and rules are located within the OCCC’s Credit Industry Services pages. Must register and pay fee on the Texas OCCC — Refund Anticipation Loan (ALECS) website. The agency aims for high quality standards to: Regulate fairly, efficiently, and effectively, addressing both consumers and creditors by enforcing Texas credit laws and licensing qualified lenders Educate consumers and credit It allows the end user to: Apply for a new license; Add an additional licensed location or … There is $1,000 reinstatement fee. State of Texas | TRAIL (Texas Records & Information Locator) | Texas Veterans Portal The Office of Consumer Credit Commissioner promotes the highest principles of professional conduct, ethics, and sensitivity to cultural diversity issues. The Texas Office of Consumer Credit Commissioner recently took this concept to heart when it revised regulations concerning the content of motor vehicle retail … Must fill out application … The OCCC is pleased to provide this online licensing portal for its regulated industries. Office of Consumer Credit Commissioner 2601 North Lamar Boulevard Austin, TX 78705-4207 http://occc.texas.gov (800) 538-1579 – Consumer Helpline Regardless of whether you have received a renewal notice from OCCC, all licenses must be renewed by July 31 or they will expire. Due dates are based on the surcharge collection amount: Unauthorized attempts to access this system, upload information, and/or change information on this site are strictly prohibited and are subject to prosecution under Texas Penal Code, Section 33.02 (Breach of Computer Security). A. Login or create an account at https://alecs.occc.texas.gov/. ALECS is an Official Texas State Government System, which may be used only for authorized purposes. ALECS is an online licensing portal for the Office of Consumer Credit Commissioner's regulated industries. Individuals can contact the Consumer Assistance team by calling the helpline, sending an email, sending a written complaint by fax or mail, or filing a complaint through the OCCC’s online portal, ALECS. From the menu on the left, click “Manage my Business” then under the heading “Registration” click “Registration Renewal.”. See laws below for more information. Rates. Due Date. Step-by-step directions can be found below: Login to ALECS at https://alecs.occc.texas.gov/ Click on "Manage my Business" on the left menu Overview Both sellers and holders of retail installment contracts are required to have motor vehicle sales finance licenses. Finance Commission Building 2601 N. Lamar Blvd Austin, TX 78705 512.936.7600 ALECS is an online licensing portal for the Office of Consumer Credit Commissioner's regulated industries. Every dealer engaged in the financing of motor vehicle installment sales, those holding a 348-license issued by the Office of the Consumer Credit Commissioner, must renew their license each year. From the drop down menu at the top next to “Registration Type” select “Registered Creditor.”. Department of Information Resources | Texas Homeland Security, TEXAS OFFICE of CONSUMER CREDIT COMMISSIONER, Application Licensing Examination Compliance System (ALECS), TRAIL (Texas Records & Information Locator), Add an additional licensed location or registered office, Check the status of a license application, renewal, or other requested changes, File required annual reports (with the exception of Credit Access Businesses), Make payments online for activities completed through ALECS. Before you begin, ensure you have reviewed state statutes and administrative rules and licensing requirements associated with your business operations. It allows the end user to: Please note that new users must create a new account before submitting application information. The OCCC will continue to accept renewals and payments through July 31. Unauthorized attempts to access this system, upload information, and/or change information on this site are strictly prohibited and are subject to prosecution under Texas Penal Code, Section 33.02 (Breach of Computer Security). The Texas Office of Consumer Credit Commissioner (“OCCC”) is a Texas state agency that regulates non-depository lenders in the state of Texas, which includes, among others, mortgage loan originators, vehicle sales finance companies, debt settlement providers, pawnshops and credit access businesses.. Interest or finance charges are not required for a transaction to be considered financed. We’ve had a couple calls from members saying that their OCCC license does not expire on July 31. Reminder of OCCC Annual License Renewal Period for Motor Vehicle Installment Sales. The OCCC’s Consumer Assistance staff answers questions and assists Texans in resolving issues against regulated financialservice providers . Washington Washington businesses that offer tax refund anticipation loans (RALs) must register with the Department of Financial Institutions (DFI). This year, dealers can renew their license online using the new Application Licensing Examination Compliance System (ALECS). Welcome to ALECS ALECS is an Official Texas State Government System, which may be used only for authorized purposes. A sale is considered financed when the buyer agrees to make payments over time. Exception: Resale purpose.