Sec. 345.351. REGISTRATION OF HOLDER. (a) A holder who is not an authorized lender under Chapter 342 or a credit union shall: (1) register with the Office of Consumer Credit Commissioner; and (2) pay a fee in an amount determined under Section 14.107 for each location at which a retail installment transaction is originated, serviced, or collected. (b) Subject to Section 14.112 , the finance commission by rule may establish procedures to facilitate the registration and collection of fees under this section. (c) A registration issued under this section is valid for the period prescribed by finance commission rule adopted under Section 14.112 . (d) The commissioner may refuse to renew the registration of a holder who fails to comply with an order issued by the commissioner to enforce this chapter.
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