Credit Access Business (“CAB”) License renewals with the Texas Office of Consumer Credit Commissioner (“OCCC”) are due by no later than December 31st.

You absolutely positively cannot miss this deadline. If you do, you will likely lose your license and have to re-apply for a new one. That is not the biggest problem – if you do not renew then you do not have a license, you have an expired license.  And, during the time that you operate with an expired license you could be forced to return all of the fees you collected.

Use OCCC’s online portal called “Alecs” to do the renewals.  It takes a matter of minutes to login and do it!

Here is the link to the website:  https://alecs.occc.texas.gov/

This blog post was written by Michael Brown, President of CAB Consulting and the Texas Organization of Financial Service Centers.  He can be reached at 214-293-8676, or Michael@CreditAccessBusiness.com.