Motor Vehicle Sales Finance Renewal Has Moved From July to October
In prior years, all Motor Vehicle Sales Finance licenses were renewed annually in July. Starting in 2020 and moving forward, the renewal has moved to October of every year. MVSF license holders do not have to/will not be able to renew in July 2020.
Renewal for MVSF licenses will be available starting on October 1, 2020* and licenses not renewed by midnight on October 31 will cancel. The maximum rate that can be charged is up to $460 for annual renewal pursuant to Texas Administrative Code, Title 7, Rule 84.611. The OCCC encourages licensees to renew licenses as soon as they are able to do so during the renewal period.
All MVSF licenses acquired prior to October 1, 2020 must be renewed by October 31, 2020 to avoid cancellation. OCCC Motor Vehicle Sales Finance Licenses do not display expiration dates. To see the status of your license, log in to your ALECS account and click on the “My Business” tab. Here you will see the license(s) you hold, the current status and last renewal date.
For questions regarding MVSF renewal moving to October not answered here, please email us at firstname.lastname@example.org