Applications
If you have specific legal questions, please seek the advice of an attorney.
New Commercial Motor Vehicle Sales Finance License Application:
Businesses needing to apply for a Motor Vehicle Sales Finance License must create a new account and submit the application, using ALECS.
HOW TO APPLY– Here you will find a link to a step by step guide with images on submitting a new MVSF license application for entities (LLC, Corporations ETC)
The entire application process is completed through ALECS https://alecs.occc.texas.gov/. After you pay for your application, the office will complete a thorough review and will send any requests for items needed to complete your application through ALECS. Please turn your browsers autofill feature off prior to beginning your application. To avoid any potential glitches, please use Chrome or Firefox browsers.
Application reviews are completed in around 60 days as allowed by the Texas Administrative Code. Renewal periods may increase these times.
New Application Checklist – Here you will find a link to forms that may need to be uploaded into ALECS or detail that you will need to enter in the application in ALECS.
Owners/Principal Party Guide – Here you will find a step by step guide on adding or modifying owners (principal parties)
Existing Licensees
Needing to license an additional location/dba? Submit a new application in your existing masterfile using ALECS. The system will recognize this as your registered office. If you need to be licensed under a different entity you will need to create a new account for the new entity and apply in the new account.
Changes to a license or a masterfile such as a license address change, DBA update etc. must be processed in ALECS. For the menu of modifications click on Manage My Business. Click here for a guide on processing amendments in ALECS: Manage My Business Guide
Transfer Existing License Application:
Businesses wishing to complete a transfer of license can do so using ALECS. The buyer should create a new account and initiate the process under Manage My Business.
A step by step transfer guide is available here: GUIDE TO TRANSFER A LICENSE (with images)
The license transfer checklist can be found here: Transfer of License General Checklist
Reference
- Frequently Asked Questions
- How to Create an ALECS Account–Step by step guide with images.
- How to Submit an application on ALECS– Step by step guide with images.
Forms
Principal Party Required (personal) forms:
Additional Forms:
- Assignment of Statutory (Registered) Agent
- Business Operation Plan
- Disclosure of Principal Parties
- Masterfile Amendment
- Permission to Operate (For Transfer of License)
- Statement of Experience
- Statement of Records/Record Keeping
- Statement of Retail Installment Contracts
For documents presented as PDF-fillable forms, Acrobat Reader is required to view, download, and complete. You must save all forms to your computer before entering data.
Renewal Dates
The annual renewal for CMVSF licenses is held in October.
October 01 – Renewal Opens
October 31- Renewal Closes
****Licenses not renewed by midnight will Cancel***
November 01 – Reinstatement* period opens
*Licenses not renewed by Oct 31 have 180 days after the cancellation date at midnight to reinstate* their cancelled license(s). Licenses not reinstated not later than the 180th day after its expiration date (Oct 31) will Cancel-Non Renewable and you will need to reapply.
*Reinstatement – $1,000 late filing fee + the renewal fee for each license you are reinstating.
Annual Reports
Annual Report – due June 30