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Category: News

Current news from the OCCC.

  • Credit Access Business NMLS Transition

    The CAB transition to NMLS is underway now and will remain open until May 18, 2026.

     

    To begin, gather Internal Revenue Service (IRS) documentation reflecting an exact match of the entity’s legal name and Federal Employer Identification Number (FEIN), if such documentation is not already available.

     

    NMLS Company Account Request – Quick Reference

     

    Existing NMLS Account Holders:
    The transition applications are now available and will close on May 18, 2026.

    Please note that OCCC staff do not have access to NMLS in the same capacity as applicants. We are unable to view your account or upload documents on your behalf. For help with account creation, system navigation, or uploading documents, we recommend contacting the NMLS Call Center at 1-855-665-7123 (Monday–Friday, 9:00 AM–9:00 PM ET).

     

    CAB Company & Branch Transition Checklists:

    CAB COMPANY Transition Checklist

    CAB BRANCH Transition Checklist

     

    The following two forms must be uploaded in the NMLS MU1 Document Upload section as part of the Transition application submission:

    Business Plan Form TX

    Statement of Experience Form-TX

    ALECS
    NMLS
    File Annual Report
    Licensee Search

  • Updated Website Launched

    We’re excited to announce the launch of the new OCCC website, designed to provide an improved user experience and streamlined access to resources.

    What’s New?

    • Updated File Storage: Previous file links will no longer work. If you need a document, please visit the page where the file is linked and download it from there.
    • New Elements Added: While the overall design and navigation remain familiar, we’ve incorporated new features and components to improve functionality and prepare for future growth.
    • Future-Ready Platform: This update lays the foundation for additional improvements and capabilities moving forward.

    Action Required

    If you have bookmarked old file links, please update them by visiting the corresponding page on the new site. This ensures you always have access to the latest version of the document.

    Explore the new site today and experience the improvements firsthand!

  • Notice to Motor Vehicle Dealers: Annual Report Requirement Begins June 2026

    On November 14, 2024, the Texas Finance Commission adopted a new rule—7 Texas Administrative Code §84.710—establishing an annual reporting due date for motor vehicle sales finance licensees. Under this rule, the annual report will be due by June 30 of each year, with the first report due on June 30, 2026. Additional information can be found on page 2 of the adoption publication here.

    The agency is currently finalizing the content and technical specifications of the report, including the format and submission process. A finalized reporting template and detailed filing instructions will be shared with licensees in the coming months.

    What Can You Do Now?

    To prepare for the new reporting requirement, motor vehicle dealers should begin maintaining the following information for each calendar year. Please note that these preliminary data points are subject to minor revision prior to finalization:

    # Number$ Amount
    1. Retail Installment Contracts Originated in the Previous Calendar Year (You have originated a contract if you are the seller)
    2. Retail Installment Contracts Acquired in the Previous Calendar Year (You have acquired a contract if you are the holder but were not the seller)
    3. Retail Installment Contracts Serviced in the Previous Calendar Year (Report active outstandings serviced as of December 31)

    Maintaining accurate and complete records now will help ensure a smooth and timely submission when the first annual report is due in 2026.

    For questions or updates, please monitor our website or contact our office directly.

Notice to Property Tax Lenders and Regulated Lenders: A new Annual Report filing system has been launched, filing is open. Click Here. Notice: Credit Access Business NMLS Transition. Click Here. Notice: New Motor Vehicle Application Now Available. Click Here. Motor & Commercial Vehicle Licensee Transition Webinar June 02 2026 – Click Here to Register