Form CAB14 "Credit Access Business New Application Checklist" - Texas

Form CAB14 is a Texas Office of Consumer Credit Commissioner form also known as the "Credit Access Business New Application Checklist". The latest edition of the form was released in August 1, 2013 and is available for digital filing.

Download a PDF version of the Form CAB14 down below or find it on Texas Office of Consumer Credit Commissioner Forms website.

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Download Form CAB14 "Credit Access Business New Application Checklist" - Texas

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Credit Access Business
New Application Checklist
Checklist for New Applications
Below is a checklist designed to assist you in compiling and submitting required documents for a new credit access business license application.
Ensure all required and applicable documents are submitted with the application package.
The OCCC processes completed application packages in the order in which they were received. The OCCC may request additional information to fully
process application materials in accordance with statute and administrative rules. An application package is not considered complete until all required
documents and supporting materials are received by the agency.
It is recommended that the applicant review Chapter 393 of the Texas Finance Code and Chapter 83, Subchapter B, of the Texas Administrative
Code prior to completing the application materials.
REQUIRED DOCUMENTS FOR ALL APPLICANTS
ADDITIONAL REQUIREMENTS:
CORPORATIONS
Application for License (ADM10)
Certificate of Good Standing with Texas Comptroller of Public Accounts
Most Recent Quarterly & Annual Reports (Publicly-Held Corporations Only)
Branch Location Application (CAB10), if applicable
Third-Party Lender Disclosure (CAB12)
Certificate of Authority to Operate in Texas (Foreign Corporations Only)
Statutory Agent Disclosure (ADM13)
Articles of Incorporation
Statement of Experience (ADM23)
Corporate Bylaws
If parent corporation is sole or part owner, narrative describing each level
Business Operations Plan (CAB13)
of ownership and management, up to natural person (not another entity)
Consent Form & Payment of Fees (CAB11)
Minutes of corporate meetings recording the selection of all current officers
and directors, the appointment of the statutory agent, and other pertinent
Financial Statement (ADM17 or Current Balance Sheet)
items.
Supporting Financial Information (ADM18 & ADM19)
ADDITIONAL REQUIREMENTS:
LIMITED LIABILTY COMPANIES
Proof of filing an assumed name (d/b/a), if applicable
Certificate of Authority to Operate in Texas (Foreign Companies Only)
Proof of CSO (Credit Service Organization) Registration
Articles of Organization
with the Texas Secretary of State
Operating Agreement
Minutes of members appointing the statutory agent and electing the
management names in the operating agreement.
Each Principal Party must submit the following:
ADDITIONAL REQUIREMENTS:
PARTNERSHIPS
Personal Affidavit (ADM14)
Partnership Agreement, signed and dated by all partners
Personal Employment History (ADM15)
Certificate of Authority to Operate in Texas
Personal Questionnaire (ADM16)
(Foreign Limited Partnerships Only)
Articles of Partnership, as filed with Texas Secretary of State
Electronic Fingerprints*
(Limited Partnerships Only)
Financial Statement or Current Balance Sheet of each partner
*Fingerprint Submission
(General Partnerships Only)
All principals identified in the Application for License (ADM10) are
ADDITIONAL REQUIREMENTS:
TRUSTS
required to provide fingerprints electronically.
Copy of the instrument that created the trust and trust agreement
The OCCC will issue fingerprint authorization forms, including
ADDITIONAL REQUIREMENTS:
ESTATES
instructions on how to provide electronic fingerprints and current
fees, to the principal party or applicant after an initial review of the
Copy of the instrument that established the estate
application package has been conducted.
ADDITIONAL REQUIREMENTS:
FOREIGN ENTITY
Applicants and Principal Parties should not send fingerprints prior to
receiving this authorization. Payment of fees for fingerprint
Statement of Recordkeeping (ADM22)
processing will be made directly to the third-party vendor.
Instructions for submitting applications are located on the following page...
Page 1 of 2
Form CAB14 ( Rev 8/13)
Office of Consumer Credit Commissioner 512-936-7600 or licensing@occc.texas.gov
Print Form
Credit Access Business
New Application Checklist
Checklist for New Applications
Below is a checklist designed to assist you in compiling and submitting required documents for a new credit access business license application.
Ensure all required and applicable documents are submitted with the application package.
The OCCC processes completed application packages in the order in which they were received. The OCCC may request additional information to fully
process application materials in accordance with statute and administrative rules. An application package is not considered complete until all required
documents and supporting materials are received by the agency.
It is recommended that the applicant review Chapter 393 of the Texas Finance Code and Chapter 83, Subchapter B, of the Texas Administrative
Code prior to completing the application materials.
REQUIRED DOCUMENTS FOR ALL APPLICANTS
ADDITIONAL REQUIREMENTS:
CORPORATIONS
Application for License (ADM10)
Certificate of Good Standing with Texas Comptroller of Public Accounts
Most Recent Quarterly & Annual Reports (Publicly-Held Corporations Only)
Branch Location Application (CAB10), if applicable
Third-Party Lender Disclosure (CAB12)
Certificate of Authority to Operate in Texas (Foreign Corporations Only)
Statutory Agent Disclosure (ADM13)
Articles of Incorporation
Statement of Experience (ADM23)
Corporate Bylaws
If parent corporation is sole or part owner, narrative describing each level
Business Operations Plan (CAB13)
of ownership and management, up to natural person (not another entity)
Consent Form & Payment of Fees (CAB11)
Minutes of corporate meetings recording the selection of all current officers
and directors, the appointment of the statutory agent, and other pertinent
Financial Statement (ADM17 or Current Balance Sheet)
items.
Supporting Financial Information (ADM18 & ADM19)
ADDITIONAL REQUIREMENTS:
LIMITED LIABILTY COMPANIES
Proof of filing an assumed name (d/b/a), if applicable
Certificate of Authority to Operate in Texas (Foreign Companies Only)
Proof of CSO (Credit Service Organization) Registration
Articles of Organization
with the Texas Secretary of State
Operating Agreement
Minutes of members appointing the statutory agent and electing the
management names in the operating agreement.
Each Principal Party must submit the following:
ADDITIONAL REQUIREMENTS:
PARTNERSHIPS
Personal Affidavit (ADM14)
Partnership Agreement, signed and dated by all partners
Personal Employment History (ADM15)
Certificate of Authority to Operate in Texas
Personal Questionnaire (ADM16)
(Foreign Limited Partnerships Only)
Articles of Partnership, as filed with Texas Secretary of State
Electronic Fingerprints*
(Limited Partnerships Only)
Financial Statement or Current Balance Sheet of each partner
*Fingerprint Submission
(General Partnerships Only)
All principals identified in the Application for License (ADM10) are
ADDITIONAL REQUIREMENTS:
TRUSTS
required to provide fingerprints electronically.
Copy of the instrument that created the trust and trust agreement
The OCCC will issue fingerprint authorization forms, including
ADDITIONAL REQUIREMENTS:
ESTATES
instructions on how to provide electronic fingerprints and current
fees, to the principal party or applicant after an initial review of the
Copy of the instrument that established the estate
application package has been conducted.
ADDITIONAL REQUIREMENTS:
FOREIGN ENTITY
Applicants and Principal Parties should not send fingerprints prior to
receiving this authorization. Payment of fees for fingerprint
Statement of Recordkeeping (ADM22)
processing will be made directly to the third-party vendor.
Instructions for submitting applications are located on the following page...
Page 1 of 2
Form CAB14 ( Rev 8/13)
Office of Consumer Credit Commissioner 512-936-7600 or licensing@occc.texas.gov
New Application Checklist (Continued)
Credit Access Businesses (CAB) may submit application materials through electronic submission or through postal/delivery
services. Instructions on electronic and postal/delivery service submission are listed below.
Keep copies of all documents
submitted to the OCCC
ELECTRONIC SUBMISSION
Submit applications electronically, using the ALECS Licensing & Self-Service portal.
POSTAL OR DELIVERY SERVICE SUBMISSION
Complete all required forms noted on Page 1 of the "New Application Checklist"
Complete CAB Consent Form (CAB11) and calculate fees owed
Assemble supporting and requested documentation
Submit all documentation and payment via postal or delivery service
Submit all materials to:
Office of Consumer Credit Commissioner
2601 N Lamar Blvd
Austin, TX 78705
Make payment by check or money order, and submit payment with application materials
Form CAB14 ( Rev 8/13)
Office of Consumer Credit Commissioner 512-936-7600 or licensing@occc.texas.gov
Page 2 of 2
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